GSAs Allow Smaller Firms to Share Financial Resources with Greater

question 38

Multiple Choice

GSAs allow smaller firms to share financial resources with greater ___________ that enables them to compete with larger firms in the industry.

• A) inventory
• B) economies of scale
• C) trust
• D) cash flows

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Definitions:

Capital

Assets including money, machinery, and structures employed in the creation of products and services.

Total Expenditures

The sum of all expenses and spending by an individual, organization, or government within a specified period.

Isocost Line

A graph line that shows all combinations of inputs which cost the same total amount.

Capital

Financial assets or the financial value of assets, such as cash and goods, used to generate income or wealth.