There are many reasons why firms need to grow. Which of the following reasons is strongly influenced by economies of scale?
A. increasing profits
B. lowering costs
C. reducing risk
D. motivating managers
Answer: lowering costs
There are many reasons why firms need to grow. Which of the following reasons is strongly influenced by economies of scale?
A. increasing profits
B. lowering costs
C. reducing risk
D. motivating managers
Answer: lowering costs