How can a firm benefit from external economies?
...How can a firm benefit from external economies?
Increasing its expenditure on advertising
Increasing the workforce
Locating in an area in which the industry is already established
Merging with another domestic firm engaged in the same industry
Correct answer is C
External economies is the benefit which a firm derives from the centration of similar firms which leads to an increase in output and a reduction in the unit cost
The firm will benefit from the area where the industry islocated.d
A disadvantage of the mean as measure of central tendency is that? ...
Gross National Product (GNP) less depreciation is known as ...
An example of government's recurrent expenditure is ...
A tax that takes an increasing fraction of income as income goes down is called ...
Retailers in an economy performs the function of ...
The three groups of government revenue are ...
Public finance is basically an analysis of the ...
A production possibility curve shows the ...
An important contribution of small-scale industries to the Nigerian economy is in the area of ...
A characteristic common to partnership and sole proprietorship is ...