Which of the Following Refers to a Reduction in the Cost

question 75

Multiple Choice

Which of the following refers to a reduction in the cost per unit as the total volume of a product increases?

• A) Economies of scope
• B) Economies of scale
• C) Economies of production
• D) Economies of manufacture
• E) Economies of assembly

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Definitions:

Publishing

The business or process of producing and distributing books, journals, music, or software to the public for sale or free distribution.

Patient Care Partnership

Principles that outline the respectful and ethical treatment of patients within the healthcare system.

Oral Testimony

Evidence given by a witness through spoken words, rather than in written form, in a court of law or other formal inquiry.

Concise

Brevity; the use of no unnecessary words.