Economies of scale occur when ______.
A. production is greater than demand
B. not enough is demanded at a given price
C. the cost per unit of output decreases as the volume of output increases
D. the total cost declines as the volume of output increases
C. the cost per unit of output decreases as the volume of output increases
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The accounting cycle requires three trial balances be prepared. In what order are they prepared?
A) Post-closing, unadjusted, and adjusted B) Unadjusted, post-closing, and adjusted C) Unadjusted, adjusted, and post-closing D) Post-closing, adjusted, and unadjusted
Which of the following best illustrates a value-driven retail strategy?
a. a retailer's setting goals and using its strategy to attain them b. a retailer's reducing prices to the lowest possible level c. a retailer's having prices appropriate for the level of products and customer service d. a retailer's integrating all plans and activities to maximize efficiency
When creating a message about a series of events or a process, the minor details should be listed
a. in order by process. b. in order from the most important to the least important. c. in random order. d. in order of simple to complex.
Apply the three steps of the innovation process to the example of Free Rice founded by computer programmer John Breen, as stated in the textbook.
What will be an ideal response?