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:
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These arise out of the <u>legal</u> environment of business.
<u>Explanation</u>:
A manager is a person who is responsible for controlling and managing the operation of the organization. The manager organizes, plans and directs the staffs in his organization. He is responsible for effective running of the organization.
The manager faces many challenges in the company to maintain its successful running.
The manager is considered to be good if he coordinates his employees towards the success of the organization. The manager should effectively monitor the behavior of the employees.
Answer:
The correct answer is number "3": doesn't reduce quality or increase price.
Explanation:
Different groups of people within a market imply different needs and preferences pushing companies to diversify in order to fulfill them. Though, one of the main characteristics of that diversification must be accessibility. Companies expect to gain in sales thanks to the segmentation of the market but not necessarily by increasing the price of the new products being sold or decreasing their quality.
Answer:
The correct answer is option D.
Explanation:
The price of a 12 ounce can of CheapFizz is 75 cents.
After a deal with State U, CheapFizz gets exclusive rights to sell soft drink on the campus.
This makes CheapFizz a monopoly firm.
A monopoly firm is a price maker and produces at the point where the marginal cost is equal to marginal revenue. At this point the output level is lower than socially optimal and the price level is higher than socially optimal.
This means that the price of CheapFizz cans will be more than 75 cents after the deal.
Answer:
Managers, in today's work environment, rely less on <u>autocratic</u> and more on <u>empowering</u> leadership.
Explanation:
Managers rely less on autocratic because they rather empower people to do things.
