The Ability to Spread Fixed Costs Over a Large Volume,and

question 35

Multiple Choice

The ability to spread fixed costs over a large volume,and the ability of large-volume producers to utilize specialized employees and equipment that are more productive than less-specialized employees and equipment,are both sources of:

• A)first-mover disadvantages.
• B)economies of scale.
• C)conflict in international trade.
• D)rising production costs.

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Definitions:

Impatience

Impatience is a feeling of frustration or eagerness, typically resulting from having to wait for something or someone, leading to a lack of tolerance for delays.

Attractive Harvest

A term used in business and entrepreneurship to describe a successful exit strategy that yields significant returns for investors.

Enemy

An individual, group, or entity that is actively opposed or hostile to another.

Executioner

Typically, an individual who carries out a death sentence; however, in a business context, it might metaphorically refer to someone who finalizes or terminates projects.