The example of an extension economy of scale is Bulk buying.
Explanation:
- economies of scale are the main cost whose advantages are for the enterprises that obtain due to their scale of operation, which is measured by the amount of output produced by the company with cost per unit of output resulting in decreasing with increasing scale.
- Economies of scale apply to a vast variety of organizational and business situations and at multiple areas, such as a production, the plant or an entire enterprise.
- Another source of scale economies is the possibility of purchasing inputs at a lower cost per unit, when they are purchased in large quantities.
- Managerial economies of scale occur when large firms are able to afford specialists. They manage i an effective manner, particular areas of the company.
- Economies of Scale refer to the cost advantage that us experienced by a firm when it increases its level of output.
- The advantage of the huge buying arises due to the inverse relationship between per-unit fixed cost and the quantity produced. The greater the quantity of output produced, the lower the per-unit fixed cost.
Answer:
A. True
Explanation:
Transaction management is a current philosophy among managers, in which the managers develop future-oriented processes and and implement programs that helps to solve business problems along side bring out the best in each employee. This management philosophy can also be said to be one in which a manager undertakes personnel management, time management and also organizational management.
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The type of externality where market equilibrium quantity produced will be more than socially optimal quantity in absence of governemtn intervention is Negative externality.
Let understand that whenever a production of good or service negatively affect the unrelated third party who is not directly involved in a market transaction, it is said that negative externality exists in the scenario.
A very good example of commonly cited Negative Externalities are air pollution and noise pollution which was caused during production an affects unrelated third party.
If there is presence of government intervention in the production, then, the production of goods or service will be halted.
Therefore, in conclusion, this type of externality is called the Negative Externality.
Read more about Negative Externality here
<em>brainly.com/question/13901028</em>
Answer:
Target markets are management and business students looking forward for employment and full year courses.
Explanation:
- The target market can be those who are working full time in the day and may also include the small and medium business owners that intend to provide some sort of online cloud computing set up for the college, and
- It may be the students that want to continue their higher education and pursuing a full degree. These may also include the off-campus students that are interested in doing professional courses.
