A force hindering flexible benefits is loss of economies of scale in the purchase of benefits.

Name: A force hindering flexible benefits is loss of economies of scale in the purchase of benefits.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When employees are given the choice to choose their own benefits, it becomes difficult for employers to negotiate lower prices for benefits due to the diversity of options chosen by employees. This leads to an increase in cost for the employer which hinders their ability to achieve economies of scale.

A Force Hindering Flexible Benefits Is Loss of Economies of Scale