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Growth and evolution

Authored by Nadia Rodriguez

Other

11th Grade

Used 8+ times

Growth and evolution
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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It occurs when unit costs fall as the scale of production increases

Economies of scale

Diseconomies of scale

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It occurs when unit costs increase as the scale of production increases.

Economies of scale

Diseconomies of scale

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of internal economy of scales is it? When a firm expands, it may be able to adopt different production techniques to reduce the unit cost of production

Financial economies

Managerial economies

Marketing economies

Purchasing economies

Technical economies

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of internal economy of scales is it? When a business gets bigger and has more assets, it may be able to borrow money at lower interest rates. Banks may be more confident that they can take assets if need be and so there is less risk of not recovering the money; this means they are likely to charge less interest.

Financial economies

Managerial economies

Marketing economies

Purchasing economies

Technical economies

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of internal economy of scales is it? When firms get bigger, they need to buy more resources. As a result, they should be able to negotiate better deals with suppliers and reduce the price of their components and raw materials.

Financial economies

Managerial economies

Marketing economies

Purchasing economies

Technical economies

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of internal economy of scales is it? When firms grow bigger, they are able to employ managers to specialize in different areas of the organization.

Financial economies

Managerial economies

Marketing economies

Purchasing economies

Technical economies

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of internal economy of scales is it? When a business expands, the cost of a media campaign can be divided over more units of sales, reducing the cost per unit and making bigger campaigns more feasible.

Financial economies

Managerial economies

Marketing economies

Purchasing economies

Technical economies

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