Energizer Batteries Would Be Classified as Which Type of Product

question 247

Multiple Choice

Energizer batteries would be classified as which type of product?

• A) Convenience
• B) Shopping
• C) Specialty
• D) Unsought
• E) Industrial service

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Definitions:

Diseconomies of Scale

Diseconomies of scale occur when a company or business grows to such a point that the costs per unit increase, opposite of achieving cost efficiencies through expansion.

Specialization

The process of focusing effort and resources on a limited number of activities to increase efficiency and productivity.

Constant Returns to Scale

A situation in which increasing the amount of inputs in production results in a proportional increase in output.

Long-run Total Costs

The total costs incurred by a firm when all factors of production are variable, emphasizing the period where no costs are fixed.