________ Argues That Increasing Returns to Scale, Especially Economies of Scale

question 26

Multiple Choice

________ argues that increasing returns to scale, especially economies of scale, are important for superior international performance in industries that succeed best as their production volume increases.

• A)Comparative theory
• B)Competitive theory
• C)Cost-advantage theory
• D)New trade theory

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Definitions:

Researchers

Individuals who conduct systematic investigations to establish facts and reach new conclusions.

Executives

Senior-level employees responsible for making strategic decisions in an organization.

Cool-Hunting

The practice of tracking and predicting new trends and innovations in various industries, often within popular culture, technology, and fashion.

Judgment-Based Forecasting

A forecasting method that relies on intuitive judgments, opinions, and subjective probability estimates rather than mathematical models.