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Edexcel A Level Business - Theme 3.2 Questions with Complete Solutions Rated to Pass
Edexcel A Level Business - Theme 3.2
Edexcel A Level Business - Theme 3.2
Economies of scale - The reductions in average costs enjoyed by a business as output increases Diseconomies of scale - Rising average costs as a business expands beyond its minimum efficient scale. Overtrading - occurs when a business attempts to expand too quickly without the sufficient resources to do so, usually by accepting too many orders, thus harming its cash flow position Internal economies of scale - The cost reductions enjoyed by a single business as it grows Ex...
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