The Savings That a Large Company Can Enjoy from Producing

question 17

Multiple Choice

The savings that a large company can enjoy from producing goods in high volume,that are not available to a small company is called:

• A)economies of scale.
• B)horizontal integration.
• C)vertical integration.
• D)economies of scope.

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Definitions:

Steve Duck

A scholar known for his work in the field of interpersonal relationships and communication.

Social Nature

The inherent inclination of humans to form groups, establish norms, and create and maintain societal structures.

Similar Attitudes

The extent to which individuals share the same views, opinions, or evaluations about specific subjects or topics.

Positive Reinforcement

A method of encouraging desired behavior by rewarding positive actions, thereby increasing the likelihood they will be repeated.