Economies of scale - Study guides, Class notes & Summaries

The common characteristic possessed by all assets is Future economic benefit Which Foreign Direct Investment (FDI) attempts to acquire particular resources at a lower real cost than could be obtained in the home country? Resource-seeking FDI Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:00 / 0:00 Full screen Under the Uniform Commercial Code (UCC) statute of frauds, which of the following terms must be included in writing...

Chapter 3 Emphasizing Informal Institutions Cultures Ethics and Norms TRUEFALSE 1. According to the institution-based view, informal institutions must be sought when formal institutions fail. (A) True (B) False Answer : (A) 2. The cultural norms of a country is an example of an informal institution. (A) True (B) False Answer : (A) 3. Informal institutions are based on the rules and legal systems of an economy. (A) True (B) False Answer : (B) 4. Informal institutions are closely relat...

AQA GCSE ECONOMICS Paper 1 How Markets Work Wednesday 17 May 2023 Afternoon Time allowed: 1 hour 45 minutes Materials You will need no other materials. You may use a calculator. Instructions • Use black ink or black ball-point pen. • Fill in the boxes at the top of this page. • Answer all questions. • You must answer the questions in the spaces provided. Do not write on blank pages. • If you need extra space for your answer(s), use the lined pages at the end o...

ETS MFT BUSINESS EXAM The principal difference between variable costing and absorption costing centers on: a) whether variable manufacturing costs should be included as product costs b) whether fixed manufacturing costs should be included as product costs c) whether fixed manufacturing costs and fixed selling and administrative costs should be included as product costs d) none of these. General Bikes is debating which marketing research options to employ. The traditional p...

BSNS 113 Final Exam Revision Questions and Answers 100% Pass "Economy-wide phenomena including inflation, unemployment and economic growth" is what type of economics? Macroeconomics "The study of how house holds and firms make decisions and how they interact in markets" is what type of economics? Microeconomics What is Positive Analysis? A statement describing how something is What is Normative Analysis? A statement describing how something should be Which of the following is most likel...

The term "emerging economies" has replaced the term _____. - Correct answerDeveloping countries The gross domestic product plus the income from non-resident sources abroad gives the ____. - Correct answer-gross national product More than 25% of global GDP comes from _____. - Correct answer-BRICS countries Viewing the global economy as a pyramid, the Triad refers to _____. - Correct answerNorth America, Western Europe, and Japan People who earn _____ a year comprise the base of the global ...

Edexcel A-Level Business Paper 3 QUESTIONS AND ANSWERS LATEST UPDATE market definition anywhere buyers and sellers meet mass market aim and eg aimed at everyone eg. cornflakes pros of mass markets (2) - large market - economies of scale economies of scale definition spread your costs over a large number of units cons of mass markets (2) - more competition - more expensive to operate in niche market definition and eg small subset of the market with specific needs eg. chi...

Economies of scale correct answers When costs can be spread across increasing units of production or in serving multiple customers. Businesses that have favorable economies of scale (like many Internet firms) are sometimes referred to as being highly scalable Porter's 5 Forces correct answers Also known as Industry and Competitive Analysis. A framework considering the interplay between (1) the intensity of rivalry among existing competitors, (2) the threat of new entrants, (3) the threat of ...

Test Bank for International Economics 18e 18th Edition by Robert Carbaugh. ISBN-13: 8915 Full Chapters test bank included Chapter 1: The International Economy and Globalization 1-1 Globalization of Economic Activity 1-2 Waves of Globalization 1-3 The United States as an Open Economy 1-4 Common Fallacies of International Trade 1-5 Is International Trade an Opportunity or a Threat to Workers? 1-6 Has Globalization Gone Too Far? 1-7 The Plan of This Text Summary Key Concepts and Term...

Name Clas Dat : s: e: Chapter 03—Settling the Northern Colonies, Multiple Choice 1. Colonists in both the North and the South established differences in all of the following areas except ANSWER: POINTS: REFERENCES: ANSWER: POINTS: REFERENCES: d 1 Settling the Northern Colonies, a. b. c. d. e. patterns of settlement. economies. political systems. values. allegiance to England. e 1 Settling the Northern Colonies, 2. Identify the statement that is false. a. The promise of ric...