Examlex

Solved

Case WD 2-1 Julia Has Written a 30-Page Report on Best

question 1

Multiple Choice

Case WD 2-1 Julia has written a 30-page report on Best Childcare Practices for one of her college courses. She wants to rearrange several areas of text so that the report flows better and will make more sense to the reader. Julia wants to select a sentence to move to another area of the report. She would ____.


Definitions:

Internal Economies

Cost-saving measures that arise from the expansion of a firm, affecting the production process internally.

External Economies

Benefits that a firm obtains due to the actions of others or external factors, leading to reduced costs.

External Economies of Scale

Cost advantages that a firm obtains due to the expansion of the industry in which it operates, but not due to its own expansion.

Industry Size

A measure of the total production or the total number of participants in a particular industry or market.

Related Questions