A larger customer base enables retailers to pay lower prices for wholesale goods. APEX
A larger customer base enables retailers to pay lower prices for wholesale goods.
A larger customer base enables retailers to pay lower prices for wholesale goods.
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
A larger customer base enables retailers to pay lower prices for wholesale goods.
A larger customer base enables retailers to pay lower prices for wholesale goods.
about Economies of large scale production
Diminishing return of scale is a short run concept. It explains the relationship between the rate of output with increaring inputs of production. Economies of scale, on the other hand, explains the relationship between the LR average cost of producing a unit of good with increasing level of output. Diminishing return of scale is a short run concept. It explains the relationship between the rate of output with increaring inputs of production. Economies of scale, on the other hand, explains the relationship between the LR average cost of producing a unit of good with increasing level of output.
OF WHAT SIGNIFICANCE IS ECONOMIES OF SCALE IN THE ESTABLISHMENT OF COMMERCIAL ENTERPRISE?. 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.
Internal economies of scale arise when the cost per unit
Cite and briefly discuss the main determinants of economies of scale.
The most important factor that economies of scales play are decreasing unit costs in direct positive correlation to the increase of unit production. Or in other words, as you produce more goods the costs of those goods decrease. A decrease in unit cost will make your product more competitive as an export and will be more domestically competitive. Hope that helps.
Equilibrium and economies scale in market economy
Not profiting from economies of scale, because there are no economies of scale. That is meant by diseconomies of scale.
The economies of scale attainable from large scale production fall into two categories. Internal and External.