By Expanding the Size of the Market,exporting Can Enable a Firm

question 20

Multiple Choice

By expanding the size of the market,exporting can enable a firm to achieve _____,thereby lowering its unit costs.

• A)economies of scale
• B)returns to scale
• C)diseconomies of scale
• D)network externalities

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Definitions:

Productive Meetings

Gatherings or assemblies that are efficiently managed and effectively achieve their intended objectives, leading to valuable outcomes.

Charisma

A unique ability some individuals have to inspire enthusiasm, interest, or affection in others through personal magnetism or charm.

Referent Power

A form of influence derived from the charisma and interpersonal appeal of the leader, often leading to admiration and the desire to emulate.

John F. Kennedy

The 35th President of the United States, serving from January 1961 until his assassination in November 1963, known for his contributions to civil rights and space exploration.