______ Occurs When a Single Firm Can Produce Two or More

question 7

Multiple Choice

______ occurs when a single firm can produce two or more products more cheaply than two separate firms.

• A) Economies of scale
• B) Economies of scope
• C) Diseconomies of scale
• D) Increasing returns to scale

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Definitions:

Task Design

The process of specifying the work activities and processes for a particular job to optimize productivity and quality.

Performance

A measure of how effectively a task or job is executed.

Reward Systems

Mechanisms designed to recognize and reward employees' performance and contribution to the organization.

Organizational Structure

The system that outlines how activities are directed in order to achieve an organization's objectives, including its roles, responsibilities, and communication pathways.