Examlex
Which statement is false ?
Cost Economies
Refers to the reduction in average cost of production as a firm increases its size or volume of output, typically achieved through operational efficiencies.
Product Variety
The assortment or mix of different products that a company offers to its customers.
Homogeneous Preferences
A situation in market analysis where consumers have similar tastes and preferences for goods or services.
Product Variety
Product Variety is the assortment of different goods and services that a company offers to meet consumer preferences and demands.
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