In the Area of Exporting, a Middleman Could Be an _____

question 98

Multiple Choice

In the area of exporting, a middleman could be an _____.

• A)export outsourcing company
• B)export management company
• C)export production company
• D)export specialist company
• E)export manufacturing company

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Definitions:

Economies of Scale

Benefits in expenses that companies gain because of their operational size, typically seeing a reduction in cost for each unit produced as the size of operations grows.

Economies of Scale

Businesses achieve cost savings from their large scale of operations, as the cost per unit produced decreases when the scale increases.

Purchasing Power

The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy.

Economies of Scale

The cost advantage achieved when increasing the scale of production leads to a reduction in the average cost of each unit produced.