The Fact That a Large Company Can Enjoy Savings from Producing

question 54

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.
• E)monopoly gains.

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Definitions:

Collection Agencies

Companies that specialize in recovering funds that are past due or owed by individuals or businesses.

Percentage of the Bill

The portion or fraction of a total bill calculated as a percentage, relevant in contexts like tips, discounts, or finance charges.

Disclosure of Finance Charges

The act of making known any costs or fees associated with a financial transaction, typically required by law.

18 Months

A time period equal to one and a half years, often used to describe the age of infants or the duration of certain projects or warranty periods.