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.
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.
Internal economies of scale arise when the cost per unit
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.
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.
Economies of Scale, look it up!
OF WHAT SIGNIFICANCE IS ECONOMIES OF SCALE IN THE ESTABLISHMENT OF COMMERCIAL ENTERPRISE?. economies of scale
large firm means when a business has expand in order to benefit from economies of scale
Internal economies of scale arise when the cost per unit
Cite and briefly discuss the main determinants of economies of scale.
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.
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.
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.
no