Financial intermediaries can substantially reduce transaction costs per dollar of transactions because their large size allows them to take advantage of
A) poorly informed consumers.
B) standardization.
C) economies of scale.
D) their market power.
C
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Briefly discuss problem definition and why it is the most important task in the marketing research project
What will be an ideal response?
When a government adopts ________, it enforces rules on foreign firms in order to give local companies an advantage over global competitors
A) trade agreements B) balances of trade C) trade deficits D) trade surpluses E) trade barriers
Which one of the following statements about inventory control systems is BEST?
A) A single-bin system is essentially a P system, with the target inventory and current inventory position established visually. B) A base-stock system minimizes ordering and setup costs by placing orders more infrequently. C) The base-stock system is mostly used for inexpensive items because it maximizes cycle inventory costs. D) Visual systems are intended for use with high-value items, such as jet engines, that don't experience a steady demand.
How is a corporation different from most of the other forms of business organizations?
What will be an ideal response?