A Few Firms,such as Cisco Systems and Dell Computers,are Close

question 156

Short Answer

A few firms,such as Cisco Systems and Dell Computers,are close to becoming ________ firms,using the Internet to drive every aspect of their business.

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Definitions:

Learning Curves

A phenomenon in which experience leads to learning meaning that current production lowers future costs.

Economies Of Scope

Cost advantages that enterprises obtain by producing a wide variety of products, rather than specializing in the production of a single product or a very few products.

Economies Of Scale

A situation where the cost per unit of output decreases as the scale of production increases.

Unit Costs

The cost incurred by a company to produce, store, and sell one unit of a particular product or service.