Which of the Following Statements Is True of Cost Advantage

question 1

Multiple Choice

Which of the following statements is true of cost advantage?

• A)Large firms are guaranteed to secure a wide cost advantage.
• B)Size and scale do not always guarantee a cost advantage.
• C)Firms with high production volumes are sure to gain a cost advantage.
• D)Firms which produce standardized products have a cost advantage.

---

Definitions:

Ad Valorem Duty

A type of tax applied on the value of an item, commonly used in the context of customs duties on imported goods.

Country A

A placeholder name often used to denote a hypothetical or undisclosed nation in discussions or examples.

Australian Dollars

The recognized monetary unit of Australia, denoted by the abbreviation AUD.

Global Concerns

Issues that affect the international community, encompassing a wide range of topics including environmental, political, economic, and social issues.