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How was big businesses different from small businesses?
Big businesses are able to benefit from economies of scale and the discounts associated with buying in bulk. This reduced cost of sales can be passed on to the end customer. Small businesses are often able to provide a more personalised level of customer service and may also be able to benefit from tax breaks.
How does big business benefit developed and developin nations?
big businesses provides jobs and creates tax dollars.
Economies of scale occur when?
When a large business demands high numbers of goods and so gets a reduction in costs from the supplier. It is the reason why big brands (such as Coke) can price their goods lower than less famous/smaller firms (which do not make use of the economies of scale because they don't demand much).
How did methods such vertical and horizontal consolidation and factors such as economies of scale help companies dominate their markets?
Vertical consolidation and factors such as economies of scale will help companies dominate their markets because more people will buy what a big business sells because it will cost less. Poor people will be able to buy the product because it will be cheap like a dollar instead of going to a small business's were it would cost twice as much.
What Economies of scale?
Reduction in cost per unit resulting from increased production, realized through operational efficiencies. Economies of scale can be accomplished because as production increases, the cost of producing each additional unit falls.A:Economy of scale refers to things costing less per unit if many units are ordered. This happens for many reasons such as lower transportation costs per unit (orders come by truckloads and shiploads), tooling can be made and processes refined for larger production numbers, etc.
How was big businesses different from small businesses?
Big businesses are able to benefit from economies of scale and the discounts associated with buying in bulk. This reduced cost of sales can be passed on to the end customer. Small businesses are often able to provide a more personalised level of customer service and may also be able to benefit from tax breaks.
Why does the government give tax incentives for business?
government incentives are necessary for the government to offer to businesses for various reasons such as the government would want to create industrialization and development in an area and this is one big reason to why government offer incentives and to the businesses; is that the business can expand and enjoy economies of scale.
How does big business benefit developed and developin nations?
big businesses provides jobs and creates tax dollars.
Are small farmers more efficient or less efficient than big land owners?
Due to economies of scale, this statement is incorrect.
How does business benefit developed and developing Nation?
big businesses provides jobs and creates tax dollars.
Economies of scale occur when?
When a large business demands high numbers of goods and so gets a reduction in costs from the supplier. It is the reason why big brands (such as Coke) can price their goods lower than less famous/smaller firms (which do not make use of the economies of scale because they don't demand much).
Is open office suitable for large scale industries?
Absolutely - there are a number of big businesses that use Open Office - However - their version isn't free.
Why do most countries have mixed economies?
As long as a government (local, state or national) taxes its businesses and households, there will be a mixed economy.
What should you do to minimize global warming?
Buy a hybrid! Small changes make a big difference. Also, support renewable energy alternatives. Alternatives won't be economically competitive until they can benefit from economies of scale, and we quit subsidizing fossil fuels so heavily. Maintaining a carrier group in the Middle East is another subsidy not factored in to our regular cost of oil.
What is bailout?
When the government gives money to big businesses, so the big businesses can survive.
How did methods such vertical and horizontal consolidation and factors such as economies of scale help companies dominate their markets?
Vertical consolidation and factors such as economies of scale will help companies dominate their markets because more people will buy what a big business sells because it will cost less. Poor people will be able to buy the product because it will be cheap like a dollar instead of going to a small business's were it would cost twice as much.
What Economies of scale?
Reduction in cost per unit resulting from increased production, realized through operational efficiencies. Economies of scale can be accomplished because as production increases, the cost of producing each additional unit falls.A:Economy of scale refers to things costing less per unit if many units are ordered. This happens for many reasons such as lower transportation costs per unit (orders come by truckloads and shiploads), tooling can be made and processes refined for larger production numbers, etc.
