Bigness, or Large Firms, May Benefit Consumers in Which of the Following

question 120

Multiple Choice

Bigness, or large firms, may benefit consumers in which of the following ways?

• A)Larger firms usually charge lower prices than smaller firms.
• B)Larger firms with monopoly power definitely have greater incentive to be efficient and innovative.
• C)Larger firms may take advantage of economies of scale and scope.
• D)Larger firms are more responsive to consumers' desires.

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Definitions:

Inspirational Leadership Theories

Theories that focus on how leaders inspire and motivate their followers to achieve higher levels of performance and personal development.

Personal Attributes

Innate or acquired traits that define an individual's character and can influence their behavior and performance.

Transformational Leadership

A leadership style that inspires and motivates followers to exceed their expectations and facilitate change.

Charismatic Leadership

A leader’s use of personal abilities and talents to have profound and extraordinary effects on followers.