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------- Is a State of Preparedness or Alertness

question 10

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------- is a state of preparedness or alertness


Definitions:

Diseconomies of Scale

A situation where, as a company or production process increases in size, the cost per unit increases, usually due to inefficiencies.

Advertising Costs

Advertising costs are expenses incurred to promote products, services, or brands through various media channels.

Technological Advance

The development and application of innovative technologies that improve efficiency, productivity, and capabilities within various industries or sectors.

Excess Capacity

A situation where a firm is producing at a lower scale of output than it has been designed for, often leading to inefficiencies.

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