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Which of the Following Is True of the Increase in Sales

question 58

Multiple Choice

Which of the following is true of the increase in sales promotion by brand managers?


Definitions:

Average Costs

The total costs of production divided by the number of units produced, representing the cost per unit.

Returns To Scale

The change in output resulting from a proportional change in all inputs in the production process; can be increasing, constant, or decreasing.

Increasing Returns To Scale

See Economies of scale.

Economies Of Scale

Exist when average costs fall as output increases.

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