Economies of Scale and Growth Strategies

Front

This refers to the value of money that has been used up to produce something or deliver a business.

Back

cost

Front

Which of the following refers to the size and volume of a business or company's produce or output? economies of scale, scale of operation, diseconomies of scale, scale of production

Back

scale of operation

Front

Which of the following is NOT an example of variable cost? Select all that applies: salary of employees, ingredients, fuel and oil charges, rental rate

Back

salary of employees

Front

In the economies of scale, which type of cost do we use to determine the efficiency of a business?

Back

average cost

Front

Which of the following statements best describes the Economies of Scale? Options: inversely proportional growth of total cost and average cost., proportional growth in both cost and quantity produced., increase in the cost to produce goods or services., reduction of cost to produce goods or services.

Back

reduction of cost to produce goods or services.

Front

The use of artificial intelligence and robotics in factories is an example of what Internal Economies of Scale?

Back

Technical Economy

Front

The statement is an example of which internal economies of scale? sustainability, efficiency, research and development, advertising and marketing

Back

research and development

Front

What external economies of scale is the statement concerned especially for businesses in South Korea?

Back

availability of local skilled labor

Front

This refers to a business arrangement in which two or more companies agree to provide funding for a specific project or task.

Back

Joint Venture

Front

This refers to the business arrangement where a company purchases most or all of another company's share.

Back

Acquisition