The term "economies of scale" means that:
A) The largest producers are always the most efficient.
B) The cost of a product goes down as a company produces larger numbers of it.
C) The more one produces, the greater the profit.
D) It is more efficient for an economy to have a large number of transactions.
E) None of these is correct.
Correct Answer:
Verified
Q217: In advanced economies:
A) mass production with its
Q218: Macro-marketing:
A) is a social process.
B) tries to
Q219: The fact that producers usually prefer to
Q220: _ directs an economy's flow of goods
Q221: From the perspective of macro-marketing, e-commerce specialists
Q223: The "universal functions of marketing" do NOT
Q224: Which of the universal functions of marketing
Q225: Market research firm BestOne sells reports about
Q226: Since individual firms cannot perform all marketing
Q227: _ involve(s) sorting products according to size
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents