If the output is increased in the long run, average production costs in the presence of internal economies of scale will <u>decrease</u>, and in the presence of external economies of scale, will<u> </u><u>decrease</u>.
Internal economies of scale arise from factors that measure a firm's production efficiency and are controlled by management. Major changes within the industry create external economies of scale. Therefore, as the industry grows, the average cost of doing business will drop.
Internal economies of scale refer to benefits that arise within a company. For example, a larger company may be able to obtain a higher level of credit. In contrast, external savings occur within the industry rather than outside the organization, making them more efficient.
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False.
While it is true that individuals can choose what to do with their money, both saving and investing are smart decisions when done right.
Answer: These activities highlight saving customers time and simplification of buying.
Explanation: Personal selling can be defined as a method of making sales that involves a seller interacting with a buyer in order to influence the buyer's decision. Personal selling comes with many value added and one is highlighted in the question in which salespeople are involved in the setting of displays, assessing inventory, writing orders etc. This activities for one, will save a customer's time as the sale's person actively know the location of the different products in the store, and also makes buying simple by saving time and also performing some demonstration if required.
Answer:
The answer to this question is Option E. different evaluation and reward systems.
Explanation:
As a production manager, George is accountable for resource budgets that are highly sensitive to overtime pay rates. As a sales manager, Lucas needs to meet customer delivery schedules at all costs to avoid losing contracts that drive his commissions. The conflict that arises between these managers is the result of different evaluation and reward systems.
