Concentration of Production Makes Most Sense When

question 87

Multiple Choice

Concentration of production makes most sense when

• A) trade barriers are low.
• B) the product's value-to-weight ratio is low.
• C) important exchange rates are volatile.
• D) flexible manufacturing technology does not exist.
• E) the production technology has low fixed costs.

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Definitions:

Position Power Base

The authority or influence a person holds in an organization or group based on their role or position.

Legitimate

Lawfully recognized or conforming to established rules and standards, having a justified or recognized claim.

Informal

Relating to interactions that occur in a casual or non-official capacity.

Politic Appropriately

The practice of navigating and engaging in workplace or organizational politics in a manner that is considered suitable and tactful.