keep fixed cost low
Im looking for the same question but i cant find it! >.< <sighs> i don't know either. :(
The economies of scale attainable from large scale production fall into two categories. Internal and External.
about Economies of large scale production
I assume you mean economies of scale and diseconomies of scale. Economies of scale are the benefits of lower average costs gained by a firm because it is large. Economies of scale can include things like the bulk buying of raw materials etc. Diseconomies of scale happen when a firm becomes too large for its own good and becomes inefficient, therefore resulting in higher average costs.
Internal economies of scale arise when the cost per unit
Im looking for the same question but i cant find it! >.< <sighs> i don't know either. :(
The economies of scale attainable from large scale production fall into two categories. Internal and External.
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about Economies of large scale production
economies of scale
large firm means when a business has expand in order to benefit from economies of scale
I assume you mean economies of scale and diseconomies of scale. Economies of scale are the benefits of lower average costs gained by a firm because it is large. Economies of scale can include things like the bulk buying of raw materials etc. Diseconomies of scale happen when a firm becomes too large for its own good and becomes inefficient, therefore resulting in higher average costs.
The Nigerian National Petroleum Corporation (NNPC) can achieve internal economies of scale by increasing the scale of its operations to lower its average cost per unit. This can be done by consolidating its operations, standardizing processes, and utilizing resources more efficiently. By optimizing its production processes, investing in technology, and streamlining its supply chain management, the NNPC can benefit from economies of scale and improve its overall efficiency and competitiveness in the industry.
OF WHAT SIGNIFICANCE IS ECONOMIES OF SCALE IN THE ESTABLISHMENT OF COMMERCIAL ENTERPRISE?. economies of scale
In large scale production, you get the benefit of economies of scale. You buy the resources in large quantities which come at a lower price. This allows you to manufacture items cheaper. When it comes to speed, large scale production has robotics, large teams and extensive QA to ensure success.
Internal economies of scale arise when the cost per unit
Cite and briefly discuss the main determinants of economies of scale.