Economies of scale are present where the cost of producing each unit declines as the quantity of product produced increases. In this environment, large-scale firms have a cost advantage
Thus, economies of scale serve to _ the cost of entry into an industry.
a. increase
b. decrease
A
Business
You might also like to view...
A project manager has to manage tasks and identify schedule problems during the ________ phase of project management
A) planning B) starting C) doing D) finalizing
Business
Explain three approaches to determining weights for the the stand-alone revenue-allocation. Which method do managers prefer?
What will be an ideal response?
Business