Multiple Choice
Taurus Inc.usually produces 5,000 handcrafted products in a day.Recently, the demand for handcrafted products drastically increased as one of its products became a popular item for home décor.Due to this increase, the company had to up its production level to 10,000 products per day.This, however, decreased the price of individual products.This scenario best illustrates _____.
A) economies of wealth
B) economies of finance
C) economies of scope
D) economies of scale
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Which of the following statements is true
Q2: String Line Inc.has established a loyal supplier
Q3: A reduction in costs per unit due
Q4: Define learning curve, experience curve, and scale
Q6: Which of the following statements best defines
Q7: Orange Superstore is largely customer centric and
Q8: Which of the following is a primary
Q9: VisionZed Inc., a computer software company, spends
Q10: Explain proprietary knowledge and its important sources.
Q11: In a recent presentation by the management