_________ Are Those That Have Few Sources of Advantage,but the Size

question 15

Multiple Choice

_________ are those that have few sources of advantage,but the size is large--typically the result of scale economies.

• A) Volume businesses
• B) Stalemate businesses
• C) Specialization businesses
• D) Fragmented businesses

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Definitions:

Fixed Cost

Costs that do not change with the level of production or sales activities within a certain range or period.

Flexible Budget

A budget with the capacity to alter in response to shifts in activity volume or level.

Employee Salaries

The total amount paid to employees for their services over a specific period.

Wages

Payments made to employees as compensation for their labor, calculated on an hourly, daily, or piecework basis.