Economies of scale:
multiple choice:
o can be avoided by purchasing supplies and raw m...
Business, 21.11.2019 05:31 vleverett444
Economies of scale:
multiple choice:
o can be avoided by purchasing supplies and raw materials in large quantities.
o are achieved when a firm reduces its average cost of production as it produces more.
o explain the success of small businesses.
o are available to small firms but not to large firms due to management inefficiencies.
Answers: 2
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