Answer:
C. A giant mixing container costs twice as much to operate as a small one but can mix 6 times as much dough daily
Explanation:
Economies of scale refers to a state when increase in the output results out of lower average costs. The operation of such a phase results out of, the total cost getting spread over large number of units of production in the long run.
Economies of scale results when the operations of a business expand due to which a firm can buy in bulk, avail more discounts and concessions from the seller for inputs and the efficiency of the labor rises.
In the given case, if the bakery decides to purchase a giant mixing container, it might lead to economies of scale given the fact, with respect to costs, the revenues shall rise more.
Since the giant mixer is capable of mixing six times as much dough daily, it would lead to a reduction in the average cost accompanied by an increase in the output and thereby lead to economies of scale.
Answer:
Explanation:
The main concept that needs to be understood is the idea of getting paid interest on money that you made from interest payments. This is technically the entire system of compound interest, you invest money into something that provides such interest. You get paid a percentage interest on that money, you then reinvest that payment back into the same investment. Now your next interest payment will be more due to the reinvested amount, and so on. This drastically increases the amount of money that is made over time.
Answer:
c. It may provide only a temporary market advantage.
Explanation:
According to my research, the first mover strategy is a marketing strategy that offers an advantage by gaining the initial significant occupant of a market segment. This is usually caused by the inquiry of new technological leadership or purchase of early resources, even though this may only provide a temporary market advantage.
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Answer:
Banks provide business-specific financial services that help business owners manage their money. In addition to basic checking account services that allow business owners to deposit funds and write checks, they may also allow businesses to transfer money by Automated Clearing House (ACH) and wire
Answer:
B. False
Explanation:
People with high assertiveness respect themselves because they are very willing to defend their interests. They can freely express their thoughts and feelings. Since they are aware of their rights and others', they always work to resolve conflicts. But cultures with low assertiveness tend to allow others to manipulate them while displaying low self-esteem.