Business Opportunities Are Based Solely on the External Market

question 36

True/False

Business opportunities are based solely on the external market.

Realize the competitive advantage of adaptive and flexible organizations over rigid ones.

Understand the importance and function of transition words in the organization of writing.

Recognize that simplicity and clarity are more effective than complexity in business writing.

Learn the different contexts and applications of transitions in writing.

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Definitions:

Diseconomies of Scale

The phenomenon where production costs increase as a firm's production scale becomes too large, leading to inefficiencies.

Diseconomies of Scale

The phenomenon where production costs increase as a company grows larger, leading to reduced efficiency.

Bureaucratic

Pertaining to a system of administration characterized by strict policies, procedures, and hierarchy.

Short-run Average Total Cost

The total cost of production (fixed and variable costs combined) divided by the quantity of output produced, calculated when some factors of production are fixed.