Ch 44 - Key term

HideShow resource information
  • Created by: angus f.v
  • Created on: 18-12-14 11:44
Diseconomies of scale
Rising average costs when a firm becomes too big
1 of 5
Economies on scale
Falling average costs due to expansion
2 of 5
External economies on scale
The cost benefits that all firms in the industry can enjoy when the industry expands
3 of 5
Internal economies of scale
The cost benefits that an individual firm can enjoy when it expands
4 of 5
Scale
The size of a business
5 of 5

Other cards in this set

Card 2

Front

Falling average costs due to expansion

Back

Economies on scale

Card 3

Front

The cost benefits that all firms in the industry can enjoy when the industry expands

Back

Preview of the back of card 3

Card 4

Front

The cost benefits that an individual firm can enjoy when it expands

Back

Preview of the back of card 4

Card 5

Front

The size of a business

Back

Preview of the back of card 5

Comments

No comments have yet been made

Similar Business Studies resources:

See all Business Studies resources »See all - resources »