The technique by which companies reduce cost of transaction services and results in increased efficiency is classified as Options: A . &nbspeconomies of cost B . &nbspeconomies of scale C . &nbspeconomies of efficiency D . &nbspeconomies of transaction

The technique by which companies reduce cost of transaction services and results

Question

The technique by which companies reduce cost of transaction services and results in increased efficiency is classified as

Options:

A . economies of cost

B . economies of scale

C . economies of efficiency

D . economies of transaction

Answer: Option B
Answer: (b).economies of scale

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