What Term Refers to Reductions in a Firm's Costs That

question 23

Multiple Choice

What term refers to reductions in a firm's costs that result from an increase in the size of an industry?

• A)Internal economies
• B)External economies (agglomeration economies)
• C)Autarkial dominance
• D)Streamlining

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Definitions:

Double Negatives

The use of two negative words in the same clause, which can either cancel each other out or intensify the negation.

Credibility

The quality of being trusted and believed in, crucial for individuals and organizations to persuade or inform effectively.

Reduce Distance

The act of making a physical or figurative space shorter or less remote, often to enhance communication, interaction, or understanding.

Audience's Feelings

The emotions or emotional reactions of an audience in response to a speech, performance, or presentation.