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:

Self-Referent Encoding

is the process of relating new information to oneself, enhancing memory and recall of the information.

Memory Codes

These are systems of symbols or sequences that are used for representing information in the memory.

Stimulus

An external event or factor that elicits a response from a biological organism.

Visual Images

Mental representations of physical objects or scenes that are not currently being perceived by the senses.