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What are some of the advantages large companies have over smaller companies?

economies of scale make is possible to offer lower prices


Which best explains why large companies pay less for goods from wholesalers?

Large companies can buy all or most of a wholesaler's stock.


What explains why a large company can undersell small retailers?

Large companies can negotiate better prices with retailers


Large corporation together with smaller companies?

conglomerate


What best explains why a large company can undersell small retailers?

Large companies can negotiate better prices with wholesalers.


What is a large corporation that owns smaller companies?

Blanket Company


What is it called when a large corporation owns a number of smaller companies?

A conglomeration


Which best explains why large companies pay less than goods from wholesalers?

Large companies often pay less for goods from wholesalers due to economies of scale. When they purchase in bulk, they negotiate better prices and terms, benefiting from reduced per-unit costs. Additionally, wholesalers may offer discounts for larger orders, further lowering the overall expenditure for these companies compared to smaller retail purchases. This purchasing power enables large companies to secure more favorable pricing arrangements.


Which of the following best explains why large companies have an advantage over smallercompanies?

Economics of scale make it possible to offer lower prices


Are there many companies that don't do employee performance evaluations?

Many smaller companies don't do formal employee performance evaluations. However, many large companies do them annually.


What were the positive effects of what a tycoon did in the industrial revolution?

They monopolized smaller companies and brought larger companies to they top and produced large amounts of goods.


What best explains why the media industry is caracterized by an oligopolistic market structure?

Centralization of ownership has led to an industry controlled by a few large companies