London Simpson owns a company that makes smartphone accessories. She is trying to increase her sales, primarily because she knows that increasing production lowers the average cost of each unit produced. The reason for growth illustrated in this example is ________.
A) economies of scope
B) market leadership
C) influence, power, and survivability
D) need to accommodate the growth of key customers
E) economies of scale

Question

Quizplus · Accepted Answer

The reason for growth in this scenario is the desire to increase production and lower the average cost of each unit produced, which is achieved through economies of scale.

London Simpson Owns a Company That Makes Smartphone Accessories