Match the items of List - I with the items of List - II and indicate the code of correct matching.…
Matching internal economies of scale: technological advantages give economies in production (a-iv); large-scale purchase of material inputs gives economies in marketing,…
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Match the items of List - I with the items of List - II and indicate the code of correct matching.
| List-I | List-II |
|---|---|
| (a) Technological advantages | (i) Managerial economies |
| (b) Large scale purchase of material inputs | (ii) Economies in transport and storage |
| (c) Specialized departments under specialized personnel | (iii) Economies in marketing |
| (d) Oil companies having their own fleet of tankers | (iv) Economies in production |
Answer and explanation
Correct answer A
Matching internal economies of scale: technological advantages give economies in production (a-iv); large-scale purchase of material inputs gives economies in marketing, through bulk buying (b-iii); specialized departments under specialized personnel give managerial economies (c-i); and oil companies having their own fleet of tankers gain economies in transport and storage (d-ii). So the correct code is (a)-(iv), (b)-(iii), (c)-(i), (d)-(ii).
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UGC NET Commerce