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A larger customer base enables retailers to pay lower prices for wholesale goods.
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Which best explains one of the benefits provided by economies of scale?
A larger customer base enables retailers to pay lower prices for wholesale goods. APEX
3 Describe the benefits enjoyed by a firm engaging in large scale production?
about Economies of large scale production
Difference between economics of scale and diseconomics 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.
What is the economies of scale?
Internal economies of scale arise when the cost per unit
Equilibrium and economies scale in market economy?
Equilibrium and economies scale in market economy
Which best explains one of the benefits provided by economies of scale?
A larger customer base enables retailers to pay lower prices for wholesale goods. APEX
3 Describe the benefits enjoyed by a firm engaging in large scale production?
about Economies of large scale production
Of what significance is economies of scale in planning the establishment of commercial enterprise?
OF WHAT SIGNIFICANCE IS ECONOMIES OF SCALE IN THE ESTABLISHMENT OF COMMERCIAL ENTERPRISE?. economies of scale
Difference between economics of scale and diseconomics 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.
What is the economies of scale?
Internal economies of scale arise when the cost per unit
Define economies of scale How does this relate to returns to scale Cite and briefly discuss the main determinants of economies of scale?
Cite and briefly discuss the main determinants of economies of scale.
Equilibrium and economies scale in market economy?
Equilibrium and economies scale in market economy
What does the writer mean by diseconomies of sale?
Not profiting from economies of scale, because there are no economies of scale. That is meant by diseconomies of scale.
What are the sources of economies of scale?
The economies of scale attainable from large scale production fall into two categories. Internal and External.
What is the importance of economies of scale?
no
What are the differences between internal and external economies of scale?
AnswerEconomies of scal occurs when there is an increase in output as cost decreases. This means, as a company will have a better chance to decrease its costs. There are two ways of achieving this, internal and external economies of scale. Internal economies of scale occurs due to the change in size of an individual firm and are not dependant on the industry as a whole. This can be achieved in two ways. 1) Firm level 2) Plant level.External economies of scale occurs due to a growth in the industry as a whole. The individual firms need not grow, however the entire industry around them does.
What is the outline of the benefits of free market economies to owners of firms?
what does the free market economies benefits to owners
