Examlex
The optimal span of control is five subordinates, according to Napoleon Bonaparte.
Diseconomies of Scale
The phenomenon where production costs increase as a firm's production scale becomes too large, leading to inefficiencies.
Diseconomies of Scale
The phenomenon where production costs increase as a company grows larger, leading to reduced efficiency.
Bureaucratic
Pertaining to a system of administration characterized by strict policies, procedures, and hierarchy.
Short-run Average Total Cost
The total cost of production (fixed and variable costs combined) divided by the quantity of output produced, calculated when some factors of production are fixed.
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