The company can offer goods more cheaply than smaller retailers
The company can offer goods more cheaply than smaller retailers.
A large company's ability to leverage economies of scale typically results in reduced per-unit costs as production increases, allowing it to operate more efficiently. This can lead to lower prices for consumers, enhanced competitive advantage, and increased market share. Additionally, it may enable the company to invest in innovation and improve product quality, further solidifying its position in the market. Ultimately, these factors contribute to higher profitability and long-term sustainability.
The economies of scale attainable from large scale production fall into two categories. Internal and External.
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The company can offer goods more cheaply than smaller retailers.
Transportation
the most efficient use of resources in producing what people want
The economies of scale attainable from large scale production fall into two categories. Internal and External.
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the ability to produce large amounts of the enzymes and structural proteins needed for contraction
large firm means when a business has expand in order to benefit from economies of scale
Intelligence - no Physical strength - some men may have a slight physical advantage. Not large though.
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about Economies of large scale production
keep fixed cost low
true