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Use the Second Derivative Test to find the relative extrema, if any, of the function
Economies of Scale
Financial benefits gained by companies thanks to their large scale of operation, which typically leads to a reduction in the cost per unit of output as the scale increases.
Product Departmentation
A method of organizing a company based on the different products manufactured or services provided.
Functional Departmentation
The process of organizing a business into distinct departments, each responsible for a specific function or area, such as marketing or finance.
Centralized
The concentration of control, authority, or decision-making power within a singular or limited locale or organization hierarchy.
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