The Great Promise of _______ Is That Large Revenue and Profit

question 38

Multiple Choice

The great promise of _______ is that large revenue and profit opportunities are to be found in foreign markets for most firms in many industries.

• A)financing
• B)countertrade
• C)importing
• D)exporting

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Definitions:

Merger

The combination of two or more companies into a single entity, often to enhance competitiveness and efficiency.

Learning Curves

A phenomenon in which experience leads to learning meaning that current production lowers future costs.

Economies Of Scope

Cost advantages that enterprises obtain by producing a wide variety of products, rather than specializing in the production of a single product or a very few products.

Economies Of Scale

A situation where the cost per unit of output decreases as the scale of production increases.