The ________ All of the Different Positions That a Firm

question 61

Multiple Choice

The ________ all of the different positions that a firm can adopt with regard to adding value to the product and low cost assuming that its internal operations are configured efficiently to support a particular position.

• A) economies of scale are
• B) diminishing returns imply
• C) efficiency frontier shows
• D) value creation scale shows

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Definitions:

Racial Prejudice

Preconceived judgment or opinion, often negative, directed toward people because of their race.

Stereotype

A fixed, overgeneralized belief about a particular group or class of people.

African Americans

An ethnic group in the United States with ancestral roots in Africa, primarily those whose ancestors were enslaved and brought to the US.

Homemaker

A person, especially a housewife, who manages the household, including caring for the family and performing domestic chores.