Answer: Economies of scale pertain to the long run only.
Explanation:
Economies of Scale is a long run phenomenon and is defined as the cost advantage that a firm experiences as a result of an increase in its output. The benefit arises as a result of the inverse relationship between quantity produced and per-unit fixed cost. The higher the quantity of output that are produced, the lower the per-unit fixed cost.
Economies of scale leads a fall in the average variable costs with an increase in the level of output. This is as a result of synergies and operational efficiencies which comes into place due to the increase in the scale of production. Economies of scale is a vital concept as it shows the competitive advantages big firms have over the small firms.
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Answer:
Integrated Marketing Communications (IMC)
Explanation:
What is Integrated Market communication?
is a strategic process that is used to plan, developed, execute & evaluate marketing communications to audiences.
<span>The ultimate economic burden of a tax is best captured by the effective tax rate. The effective tax rate averages how much in taxes must be paid by citizens and companies. To determine one's effective tax rate they must divide their income tax expenses by the income they earned before taxes. This tax is known as the burden tax because it strain it puts on an individual, due to the money it makes people owe.</span>
