Consider a Wal-Mart Supercenter and a 7-Eleven Store

question 162

Multiple Choice

Consider a Wal-Mart supercenter and a 7-Eleven store.In the long run,

• A) Wal-Mart or 7-Eleven may have economies of scale depending on how many customers are served.
• B) Wal-Mart will definitely have lower average costs because supercenters serve many more customers.
• C) The 7-Eleven store will definitely have lower average costs because their small stores are cheaper to build.
• D) Wal-Mart's average total cost will decline faster than the 7-Eleven store and experience diseconomies of scale.
• E) The 7-Eleven store's average total cost will be lower than Wal-Mart's and always experience economies of scale.

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Definitions:

Conversations

Interactive forms of communication where two or more people exchange ideas, thoughts, or feelings through spoken or written words.

Casual Settings

Environments or scenarios characterized by informal interactions, often spontaneous and with minimal structural constraints.

Ethnomethodological

Pertaining to an approach within sociology that studies the methods people use to understand and produce the social order in everyday life.

Conversational Analysis

A methodological approach analyzing the structure and patterns of speech in natural conversations to understand social interaction.