Economies Of Scale

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Technical economies
A business saves on production costs by using better methods and equipment.
1 of 6
Managerial economies
a business can employ specialist managers who improve efficiency
2 of 6
Financial economies
a business does not have to pay out as much money to raise finance
3 of 6
Rist-vearing economies
a business has a range of products or services, so is not dependent on one product
4 of 6
Purchasing economies
a business is given a discount for buying in bulk
5 of 6
Marketing economies
a business saves on advertising and transport costs.
6 of 6

Other cards in this set

Card 2

Front

a business can employ specialist managers who improve efficiency

Back

Managerial economies

Card 3

Front

a business does not have to pay out as much money to raise finance

Back

Preview of the back of card 3

Card 4

Front

a business has a range of products or services, so is not dependent on one product

Back

Preview of the back of card 4

Card 5

Front

a business is given a discount for buying in bulk

Back

Preview of the back of card 5
View more cards

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