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Economies of Scales in TO roughly means the total cost of operating 2 companies together as 1 is less than the cost of operating the 2 companies separately. For example, you need 2 sets of specialized staffs to do 2 separate specialized work if the 2 companies are operated separately. However, only 1 set of specialized staffs are needed if combine 2 companies to 1. This leads to cost savings in that there is no need to pay for more specialized staffs. Another explanation is more economical where 2 small beer companies for example maybe able to better utilize their production facilities as oppose to having to buy 2 separate sets facilities for 2 separate company.
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What is internal economy of scale?
The difference between internal economy of scale and external economy of scale is that internal economies of scale come from within the business ; external economies come from or affect the world outside the business.
What are the benefits of economies of scale in business operations?
Economies of scale in business operations refer to cost advantages that come from increased production and efficiency. Benefits include lower production costs, higher profits, competitive pricing, and increased market share.
What is the economies of scale?
Internal economies of scale arise when the cost per unit
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.
Equilibrium and economies scale in market economy?
Equilibrium and economies scale in market economy
What is internal economy of scale?
The difference between internal economy of scale and external economy of scale is that internal economies of scale come from within the business ; external economies come from or affect the world outside the business.
What are the methods of external growth in a business?
Economies of Scale, look it up!
What are the benefits of economies of scale in business operations?
Economies of scale in business operations refer to cost advantages that come from increased production and efficiency. Benefits include lower production costs, higher profits, competitive pricing, and increased market share.
What is large firm?
large firm means when a business has expand in order to benefit from economies of scale
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
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.
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.
Equilibrium and economies scale in market economy?
Equilibrium and economies scale in market economy
Introduction to small scale business?
Introduction to small scale business has helped in boosting most of the economies in developing countries. They employ fewer workers and have low volume of sales as compared to large industries.
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 economic of sales?
Economies of scale are factors which cause the average cost of production to decrease as the volume of its output is increased. It has two types: the internal and external factors.
