The Concentration of Production Is Favored When All of the Following

question 21

Multiple Choice

The concentration of production is favored when all of the following factors are high except

• A)fixed costs.
• B)minimum efficient scale.
• C)value-to-weight ratio.
• D)trade barriers.

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Definitions:

Receive Inventory

The process of accepting goods that have been ordered and delivered, updating records and inventory levels accordingly.

Items & Services

The goods sold and tasks performed for clients or customers that are offered by a business.

Vendor Transaction

A vendor transaction is any business activity or exchange of goods, services, or financial assets between a company and its vendors or suppliers.

Make Deposits

The act of placing money into a financial account.