If production technological interdependency exists, the ________ integration of the successive production stages ________ production costs.
A) vertical; increases
B) vertical; can reduce
C) horizontal; can reduce
D) horizontal; doubles
B) vertical; can reduce
Economics
You might also like to view...
Money is defined as
A) a by product of a barter economy. B) any financial instrument that is backed by gold. C) anything people generally accept in exchange for goods and services. D) a person's net worth.
Economics
The individual who brings together economic resources and assumes the risk in a capitalist economy is called the:
a. Stockbroker b. Entrepreneur c. Banker d. Manager
Economics