Quiz: Economies of Scale: What They Are
WJEC Eduqas GCE A LEVEL in BUSINESS specification
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Building on what you've learned about innovation and R&D, let's explore economies of scale and test your understanding!
What does 'economies of scale' refer to?
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Which of the following are examples of economies of scale? (Select all that apply)
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Economies of scale occur when a company reduces its {{blank0}} per unit as production {{blank1}}.
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Match the items on the left with their correct pairs on the right
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Which of the following is an example of diseconomies of scale?
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Which factors contribute to economies of scale? (Select all that apply)
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The concept of economies of scale is closely linked to the {{blank0}} of production, which refers to how much is produced.
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A company produces 1,000 units at £5 per unit. If production increases to 2,000 units and the cost per unit decreases to £4, what is the total cost of producing 2,000 units?
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Which term refers to cost disadvantages when a company becomes too large?
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