MES is an acronym that stands for ______________.
A) Minimum Entry Standards
B) Maximum Efficiency Scale
C) Minimum Efficient Scale
D) Maximum Entry Standards
E) None of these

Question

Quizplus · Accepted Answer

MES stands for Minimum Efficient Scale, which refers to the minimum level of production needed for a company to operate efficiently and stay competitive in the market. It is the lowest production point at which a firm can produce goods or services at the lowest possible average total cost.

MES Is an Acronym That Stands for ______________