What is meant by “economies of scale”?

a. being able to make more products or provide more services at less expense, making them less expensive than a competitor’s products or services
b. the balance between production and consumption that gives countries a healthy balance of payments between money going in and money coming out of the country
c. buying with cash rather than credit, bank financing, or a loan
d. national economies that balance manufacturing, service, and government spending


a. being able to make more products or provide more services at less expense, making them less expensive than a competitor’s products or services

Sociology

You might also like to view...

In the United States, most people who receive public assistance are

a. African Americans. b. Hispanic Americans. c. grandparents. d. white.

Sociology

The location of U.S. cities has impacted the environment of __________

A) rivers and lakes B) rainforests C) polar glaciers D) plant decomposition

Sociology

Human behavior is predictable most of the time

Indicate whether the statement is true or false

Sociology

Formulating a hypothesis is the first step in the scientific method

Indicate whether the statement is true or false

Sociology