When Purchasing a Car, What Might Be Order Winners

question 23

Multiple Choice

When purchasing a car, what might be order winners?

• A) Price.
• B) Quality.
• C) Design.
• D) All of the above.

---

Definitions:

Economies of Scale

Refer to the cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.

Domestic Price

The price of goods or services within a country's borders, influenced by local supply and demand conditions.

World Price

the international market price of a good or service, influenced by worldwide demand and supply conditions.

Absolute Advantage

The ability of an entity to produce a good or offer a service more efficiently than its competitors, using fewer resources.