________ Refers to Reductions in a Firm's Costs That Result

question 325

Multiple Choice

________ refers to reductions in a firm's costs that result from an increase in the size of an industry.

• A) Internal economies
• B) External economies
• C) Autarkial dominance
• D) Streamlining

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Definitions:

Need for Achievement

A psychological trait that drives an individual to pursue and attain goals, often associated with persistence and success in various endeavors.

Feedback

Feedback is the process of providing information about the result of a conduct or performance to the original source.

Hobbies

Leisure activities that individuals engage in for pleasure and relaxation, not as a main source of income.

Facial Expressions

Visible changes in the face that convey an individual's emotional state, intentions, or social communications, largely universal across human societies.