A Major Factor Explaining Economies of Scale Is Increased Specialization

question 194

True/False

A major factor explaining economies of scale is increased specialization of labor.

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Definitions:

Follower

An individual who supports and is guided by another person or by a group, often within the context of a hierarchical organization.

Followship

Followship involves the behavior of someone who is following a leader or is in a subordinate position within a group.

Leader

An individual who guides or inspires others towards a goal, often by organizing, directing, and setting examples.

Leadership Training

Educational programs or activities designed to enhance leadership skills and qualities.