Which of the Following Aspects of an Organization Creates Scale

question 52

Multiple Choice

Which of the following aspects of an organization creates scale economies and economies of scope and leads to advantages like lower operating costs, greater purchasing power, and easier access to capital?

• A)Large size
• B)High flexibility
• C)Mass customization
• D)Centralized structure
• E)High agility

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Definitions:

Minimum Wage

The lowest legal salary that employers can pay workers, set by government legislation.

Semiskilled Labor

refers to work that requires some level of training or skills but is less complex and requires less education than skilled labor.

Supply Curves

Graphical representations showing the relationship between the price of a good and the quantity supplied.

Demand Curves

Demand curves graphically represent the relationship between the price of a good and the quantity demanded by consumers.