Businesses Benefit from Economies of Scale When the Cost of an Investment

question 22

Multiple Choice

Businesses benefit from economies of scale when the cost of an investment can be:

• A) spread across increasing units of production.
• B) used in serving a niche and loyal customer base.
• C) used to build a brand image for products through advertising.
• D) leveraged to recruit consumers to promote a product or service.
• E) diverted to implementing technology upgrades in the business model.

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Definitions:

Iteration Structure

A programming construct used to repeat a block of code multiple times until a specified condition is met, examples include for, while, and do-while loops.

Sequence

An ordered collection of objects or values where each item is identifiable by its position within the collection.

Selection

A programming construct that allows for choosing between two or more paths of execution based on conditions.

Invocation

The act of calling or executing a procedure, function, or method in programming.