Which of the Following Is True of Costs in Terms

question 59

Multiple Choice

Which of the following is true of costs in terms of how firms compete internationally?

• A)Adapting operations to fit local circumstances is cheap.
• B)The more tailored a product is, the higher the cost.
• C)Higher costs ensure risks are lowered or negated.
• D)Firms achieve economies of scale by avoiding standardization.

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Definitions:

Sociological Model

A framework used in sociology to understand and analyze the multifaceted nature of human behaviors, societal structures, and social processes.

Labeling

The process of assigning a category or descriptor to individuals or groups often based on stereotypes or simplified perceptions.

Pre-Modern Societies

Societies that existed before the development of modern technologies and industrialization.