A University That Benefits from Lower Costs Per Enrolled Student

question 218

Multiple Choice

A university that benefits from lower costs per enrolled student as it builds more buildings and enrolls more students is an example of a service provider with:

• A)economies of scale.
• B)diseconomies of scale.
• C)increasing opportunity costs.
• D)scale reduction.

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Definitions:

Competitive Parity Method

A budgeting strategy in marketing where a company allocates budget based on competitors' spending to maintain parity or competitiveness in the market.

Objective And Task Method

A budgeting method in marketing where objectives are set first, and then the tasks needed to achieve these objectives are determined.

Center of Excellence Model

A dedicated team or entity that provides leadership, best practices, research, support, and training for a specific focus area or domain within an organization.

Silo Model

An organizational structure that segregates different departments or units, limiting communication and collaboration between them.