Examlex
________ is the assignment of various portions of a particular task among a number of organization members.
Opportunity Costs
The missed opportunity to benefit from different options when a single choice is made.
Economies of Scale
Cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.
Diseconomies of Scale
The phenomenon where an increase in production leads to higher costs per unit due to inefficiencies that arise from scaling up operations.
Increasing Returns
An increase in a firm’s output by a larger percentage than the percentage increase in its inputs.
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