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Natalka [10]
1 year ago
13

For each of the following examples, explain whether it is a case of external or internal economies of scale:

Business
1 answer:
777dan777 [17]1 year ago
8 0

Whether it is a case of external or internal economies of scale:

A. A number of firms doing contract research for the drug industry are concentrated

Larger changes within the industry lead to external economies of scale, so as the industry expands, the average cost of doing business decreases.

when external economies of scale exist?

External economies of scale take place when an industry as a whole expands and businesses profit from lower long-term average costs. External economies of scale are also known as advantageous external outcomes of industrial development.

An external economy of scale is shared by competitors, internal economies of scale provide larger competitive advantages.

To learn more about external economies refer to:

brainly.com/question/20354469

#SPJ9

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Answer: The overriding aim in building a management team should be to replace weak executives who lack strong skills in closely supervising the people who work under them

Explanation: The success of an organization is dependent on several factors including the presence of strategic and result oriented executive within its workforce. This is a vital and important aspect of building and organization capable of withstanding the competirmtuve nature of the market. Being strategic requires smartness, knowledge, experience, expertise and skills in other to make proactive suggestions required to execute groundbreaking projects.

Hence, based on the options provided above, the aim of strategic execution should not be focused on replacing executives who are perceived as being weak.

8 0
4 years ago
The rate the fed charges member banks for short-term loans is called the ________.
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The rate of interest the Federal Reserve charges banks for short-term loans is called the
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4 years ago
Your company expects to receive 5,000,000 Japanese yen 60 days from now. You decide to hedge your position by selling Japanese y
larisa [96]

Answer:

$47,500

Explanation:

Calculation for How many dollars will you receive

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8 0
3 years ago
Suppose the United States has a comparative advantage over Mexico in producing pork. The principle of comparative advantage asse
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By definition, a country is said to have a <em>comparative advantage</em> over another, when they can produce a certain good or service at a lower marginal or opportunity cost.

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