Question

The cost advantages that manufacturers get from high-volume production are known as _________.

A) economies of scale
B) physical goods
C) sustainable development
D) infrastructure
E) None of the above

Answer 1

Answer: Economies of scale.

Step-by-step explanation:

The economies of scale is the cost advantage a production company stands to gain by producing more units of a product.

The major advantage in economies of scale is the fact that as more units of a product is made, the cost of production is added to a larger number of products.