Which of the following is an advantage that larger businesses have over smaller businesses in the global economy? Explain. (1 point) a. Larger businesses benefit from foreign investment because they are able to acquire funds through the sale of securities. b. Larger businesses benefit from economies of scale because they can make large bulk purchases and specialize to a high degree. c. Larger businesses benefit from foreign investment because they are able to acquire funds through the sale of physical assets. d. Larger businesses benefit from economies of scale because they are able to improve their production through technological advances .
b. Larger businesses benefit from economies of scale because they can make large bulk purchases and specialize to a high degree.
Explanation: Larger businesses have the advantage of being able to purchase raw materials, goods, and services in large quantities, allowing them to negotiate better deals and lower costs. They can also specialize in specific areas of production, improving efficiency and quality. This results in cost savings and increased productivity, giving larger businesses a competitive edge in the global economy.