If in Some Production Range Average Cost Is Rising, the Firm

question 214

Multiple Choice

If in some production range average cost is rising, the firm is experiencing

• A)increasing returns to scale.
• B)decreasing returns to scale.
• C)constant returns to scale.
• D)increasing costs per unit of output.

Understand market segmentation and the concept of customer value proposition.

Identify strengths, weaknesses, opportunities, and threats in different business scenarios.

Understand how a SWOT analysis can inform marketing decisions and strategic direction.

Recognize the significance of points of difference in positioning products against competitors.

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