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As the current trends in aging continue, which of the following will be true?
Economies of Scale
Cost advantages that enterprises obtain due to scale of operation, with cost per unit of output generally decreasing with increasing scale.
Function Based Divisions
Organizational structuring where a company is divided into departments based on functions such as marketing, finance, or production.
Firm
A business organization, such as a corporation, partnership, or sole proprietorship, that sells goods or services to make a profit.
M-Form Organization
A multi-divisional organizational structure, characterized by a set of autonomous divisions organized under a centralized corporate headquarters.
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