Chapter 31 – Economies of scale

Economies of scale: definitions, types and examples economy of scale For any company, teaming up in a competitive marketplace offers greater economy of scale, allowing for useful cost efficiencies Times, Sunday Times pg soft download Economies of scale refer to the cost advantages a company gains with the increase in production This happens because production costs can now be spread over a

lord of mysteries Economies of scale are the cost advantages reaped by companies due to efficient production They can be achieved by production increases, which seems