Large businesses are more likely to succeed in the manufacturing industry than small businesses due to
A) the principle of synergy.
B) economies of scale.
C) divesting.
D) the need for minimal start-up resources.
E) proven business plans.

Question

Quizplus · Accepted Answer

Large businesses can achieve economies of scale, meaning they can produce goods at a lower cost than small businesses by taking advantage of their buying power, efficient production processes, and distribution channels. This makes it more difficult for small businesses to compete on cost and succeed in the manufacturing industry.

Large Businesses Are More Likely to Succeed in the Manufacturing