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The Predominance of Large Companies in Most Manufacturing Industries Is

question 11

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The predominance of large companies in most manufacturing industries is mainly the result of economies of scale.


Definitions:

Sales Budget

A financial plan that estimates future sales volumes and revenues for a specific period.

Direct Materials

Direct materials are raw materials that are directly traceable to the manufacturing of a specific product and are an essential component of its production.

Production Budget

An estimate of the total units to be produced in a given period, considering forecasted sales and desired inventory levels.

Cash Receipts

The collection of money, including currency, checks, and electronic transfers, by a business.

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