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:

Northerners

Individuals from the northern part of a country or region; in the United States context, it often refers to people living in the North during the Civil War era, distinguishing them from Southerners.

Abolitionist Organizations

Entities, groups, or societies dedicated to ending the practice of slavery and promoting the emancipation of enslaved people.

William Lloyd Garrison

A prominent American abolitionist, journalist, and social reformer, known for founding the anti-slavery newspaper "The Liberator."

Frederick Douglass

An American social reformer, abolitionist, orator, writer, and statesman who after escaping from slavery in Maryland, became a national leader of the abolitionist movement.