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:

Team Members

Individuals who are part of a group collaboratively working towards a common goal or project.

Group Norms

Shared guidelines or rules of behavior that are expected and followed by members of a group or team.

Task Force

A temporary group of people formed to accomplish a specific goal, often used to address complex or urgent issues within organizations.

Ethical Behaviors

Actions that are consistent with principles of moral and ethical standards; behaving in a manner that is considered morally right.