Multiple Choice
By producing its products in larger volume than its competitors, Epli-Mart is able to achieve substantial reductions in unit cost. In other words, Epli-Mart achieves
A) location economies.
B) learning effects.
C) standardization economies.
D) core economies.
E) economies of scale.
Correct Answer:
Verified
Correct Answer:
Verified
Q17: The amount of value a firm creates
Q18: The _ refers to systematic reductions in
Q19: A strategy that focuses primarily on increasing
Q20: Researchers Bartlett and Ghoshal noted that in
Q21: Universal needs exist when the tastes and
Q23: Firms that operate internationally are able to
Q24: Denim Supply Inc. does not feel the
Q25: A localization strategy should be considered when<br>A)
Q26: Economies of scale are achieved when a
Q27: Marketing functions may have to be delegated