Economies of Scale Most Often Occur in Industries Whose Initial

question 287

True/False

Economies of scale most often occur in industries whose initial fixed cost of plant and equipment is low.

---

Definitions:

Organization

An entity comprising multiple people, such as an institution or an association, that has a particular purpose, such as a business or government department.

Organization levels

The different layers of authority and responsibility within an organization, typically ranging from senior executives to frontline employees.

Technical

Relating to or involving the practical application of scientific knowledge, especially in a specific professional area or activity.

Agency protocol

Agency protocol refers to the established guidelines and standard operating procedures that members of an organization or agency are expected to follow in their activities or operations.