1. Because Walmart is such a large organization , its sales volume is enormous . As a result , the company has great bargaining power with its suppliers to lower the price Walmart pays for merchandise to be shipped to its stores to be sold . This illustrates

a. purchasing power parity

b. learning effects

c. subsidary skills

d. economies of scale

2. Which scenario exemplifies the production function of the value chain?

a. Ruben designs and executes an advertising campaign for his firms new product

b. Dorie is training new employees on the hse of the companys new accounting system

c. Manuela a customer service rep is processing a return for an unhappy customer

d. Sally, a loan officer at Commerical Bank, originatws a home equity loan for a customer