Scale and resource mix

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What is scale?
The output of a business
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What does scale depend on?
Resources and Finance available
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Business can increase sales by?
Increase labour and/or increase capital equipment
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What are economies of scale?
Size of product order increases as cost decreases (unit cost decreases as size of business increases)
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What are the 6 main types of economies of scale?
Purchasing power, technical, managerial, specialist & marketing economies
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What are dis-economies of scale?
When the scale of the business increases but so do costs
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What are the three main types of dis-economies of scale?
Communication, motivational & co-ordination
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What are the 4 resources in the resources mix?
Land, labour, capital and enterprise
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Card 2

Front

What does scale depend on?

Back

Resources and Finance available

Card 3

Front

Business can increase sales by?

Back

Preview of the front of card 3

Card 4

Front

What are economies of scale?

Back

Preview of the front of card 4

Card 5

Front

What are the 6 main types of economies of scale?

Back

Preview of the front of card 5
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