The Fact That a Large Company Can Enjoy Savings from Producing

question 43

Multiple Choice

The fact that a large company can enjoy savings 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:

Genotype

The genetic makeup of an organism, consisting of all the genes and alleles present in its DNA.

Gamete

Haploid sex cell; e.g., egg or sperm.

YySsTt

A genetic notation indicating an individual with heterozygous alleles for three different traits.

Homozygous Recessive

A genetic condition in which an individual carries two copies of a recessive allele for a particular trait.