Examlex
Which of the following programs makes for a more flexible workforce and increases workers' appreciation of the other tasks that have to be accomplished for the organization to complete its mission?
Constant Returns to Scale
A situation in which increasing the amount of all inputs used in production by a certain factor results in output increasing by the same factor.
Economies of Scale
Cost advantages that enterprises obtain due to their size, output, or scale of operation, with cost per unit of output generally decreasing with increasing scale.
Diseconomies of Scale
A condition when a company or business grows so large that the costs per unit increase, leading to reduced efficiency.
Constant Returns to Scale
A situation in production where an increase in the quantity of inputs leads to a proportional increase in the quantity of output.
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