Asked by
Caroline Kelley
on Oct 12, 2024
Verified
Economies of scale include each of the following except
A) quantity discounts.
B) increasing specialization.
C) lower selling costs.
D) the corporate bureaucracy working at cross purposes.
Economies of Scale
The cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.
Corporate Bureaucracy
The administrative system governing any large institution or organization, characterized by a hierarchy of authority, rigid division of labor, and strict regulations and procedures.
- Understand the significance of economies of scale and how they affect costs.
Verified Answer
DB
Learning Objectives
- Understand the significance of economies of scale and how they affect costs.