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Which would contribute most to a firm experiencing economies of scale?
specialization of production within the firm (double check me)
How can a company effectively achieve economies of scale in its operations?
A company can effectively achieve economies of scale in its operations by increasing production levels to spread fixed costs over a larger output, negotiating lower prices with suppliers due to higher purchasing volumes, and improving efficiency through specialization and automation.
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
Which would contribute most to a firm experiencing economies of scale?
specialization of production within the firm (double check me)
How is job creation related to the intertwining of economies?
Intertwining of economies by the process of specialization due to international trade leads to job creation in both the exporting country and the importing country.
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
How can a company effectively achieve economies of scale in its operations?
A company can effectively achieve economies of scale in its operations by increasing production levels to spread fixed costs over a larger output, negotiating lower prices with suppliers due to higher purchasing volumes, and improving efficiency through specialization and automation.
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.
Why does specialisation lead to more efficiency?
Specialization leads to more efficiency because individuals or organizations can focus on developing specific skills or producing specific goods or services. This allows them to become more efficient through practice, experience, and expertise in that particular area, leading to higher productivity and better quality outputs. Additionally, specialization enables economies of scale and the division of labor, further enhancing efficiency.
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 specialization and what did it lead to?
specialization is doing only one job and it leads to civilization
What are the sources of economies of scale?
The economies of scale attainable from large scale production fall into two categories. Internal and External.
Specialization in a nation leads to?
comparative advantage
