Constant Returns to Scale (CRS)implies That When the Firm ________

question 33

Multiple Choice

Constant returns to scale (CRS) implies that when the firm ________.

• A)doubles all inputs,output more than doubles
• B)doubles all inputs,output doubles
• C)doubles all inputs,output increases by less than 100 percent
• D)doubles all inputs,output remains constant
• E)none of the above

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Definitions:

Regiocentric

An approach in international business that prioritizes regional markets and strategies, often blending both global and local considerations.

Global Company

A business that operates and has a presence in multiple countries across the world, transcending national boundaries in its operations.

Transnational Company

A multinational corporation that operates across borders, managing production or delivering services in more than one country, highlighting global integration.

Stakeholder Audit

The process of identifying, analyzing, and addressing the needs and concerns of stakeholders in a project or organization.