As Sipho's Chakalaka Company Increases in Size, the Business Is

question 17

Multiple Choice

As Sipho's chakalaka company increases in size, the business is able to realise economies of scale:

• A)through learning effects from manufacturing experience.
• B)through incremental drops in costs that results from the doubling of output.
• C)by spreading of an investment across more units of production.
• D)through efficiencies of operations in service operations.

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Definitions:

Business Ethics Issue

Concerns related to the moral judgments and behaviors within business practices, including topics like fairness, justice, right, and wrong.

Vertical Systems

Organizational structures that emphasize hierarchical levels of authority and communication, typically with clear lines of command and control from top to bottom.

Planned Obsolescence

A strategy where products are deliberately designed to have a limited useful life, so they will become obsolete or non-functional after a certain period.

Internet Privacy Controls

Tools and settings that allow users to manage their personal information and protect their privacy online.