Leo Wants to Improve the Costs for His Business, So

question 34

Multiple Choice

Leo wants to improve the costs for his business, so he chooses to buy inputs in bulk and manufacture products in larger quantities.This is an example of

• A)economic forces.
• B)demographic forces.
• C)potential competitors.
• D)brand positioning.
• E)economies of scale.

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Definitions:

Formal Communication

Exchanges of information that occur through officially recognized and sanctioned channels within an organization.

Transmitted

The process by which something is sent or conveyed from one place or person to another, especially information or diseases.

Message Decoding

The process of interpreting and understanding the meaning of a received message.

Financial Reports

Official documents that communicate an organization's financial status to stakeholders, including balance sheets, income statements, and statements of cash flows.