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A level business / updated / 100% CORRECT Answers
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Economies of scale - reduction in average costs as output increases e.g bulk-buying, marketing, financial, technology Diseconomies of scale - rising long-run average costs as a business expands e.g communication, organisation, motivation, morale Internal economies of scale - cost reductions by single business as it grows External economies of scale - cost reductions available to all businesses as industry grows Overtrading - growing too fast run out of cash Merger - when firms join together for synergy 1+1=3 Takeover- hostile/friendly - Horizontal/vertical/forward/backward integration -
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Institution
A Level Business
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A level business
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a level business updated 100 correct answers
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