Asked by
Destiny Jones
on Nov 09, 2024
Verified
Although small businesses tend to enjoy a higher profit margin due to their economies of scale, large businesses are often better at distribution.
Profit Margin
A financial ratio expressing the percentage of revenue that remains as profit after all expenses are deducted from sales, indicating the financial health and efficiency of a business.
- Comprehend the principle of economies of scale and its advantages.
- Analyze the difference in flexibility and response to market dynamics between small and large enterprises.
Verified Answer
LA
Learning Objectives
- Comprehend the principle of economies of scale and its advantages.
- Analyze the difference in flexibility and response to market dynamics between small and large enterprises.
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