Economies of _____ refer to a cost advantage that is created when a firm can produce a good or service at a lower per unit price due to producing the good or service in large quantities.
A) scale
B) demand
C) scope
D) brand
E) integration

Question

Quizplus · Accepted Answer

Economies of scale refer to the cost advantage that arises with increased output of a product, as the fixed costs are spread over more units of production, leading to a lower cost per unit.

Economies of _____ Refer to a Cost Advantage That Is