Podcast
Questions and Answers
What is the term for the financial advantages of producing something in very large quantities?
What is the term for the financial advantages of producing something in very large quantities?
- Economies of scale (correct)
- Internal economies of scale
- External economies of scale
- Diseconomies of scale
What can discourage businesses from growing too big due to rising average costs?
What can discourage businesses from growing too big due to rising average costs?
- Ancillary services
- Internal economies of scale
- Diseconomies of scale (correct)
- External economies of scale
In what manner does a firm grow when it merges with another?
In what manner does a firm grow when it merges with another?
- Economies of scale
- Vocational training
- Take over (correct)
- Internal expansion
What is the term for the rising average costs when a firm becomes too large?
What is the term for the rising average costs when a firm becomes too large?
Which factor would not typically limit a business from growing in size?
Which factor would not typically limit a business from growing in size?
What type of services are connected with but less important than the main part of something?
What type of services are connected with but less important than the main part of something?
What is the main benefit of economies of scale for a firm?
What is the main benefit of economies of scale for a firm?
Which of the following is an example of an internal economy of scale?
Which of the following is an example of an internal economy of scale?
What can lead to diseconomies of scale for expanding firms?
What can lead to diseconomies of scale for expanding firms?
Which factor can contribute to reducing unit costs in economies of scale?
Which factor can contribute to reducing unit costs in economies of scale?
What is the difference between internal and external economies of scale?
What is the difference between internal and external economies of scale?
How can large organizations overcome the challenge of ineffective communication in relation to economies of scale?
How can large organizations overcome the challenge of ineffective communication in relation to economies of scale?
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