Quiz: Economies of Scale - What They Are
WJEC Eduqas GCE A LEVEL in BUSINESS specification
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You've already learned about innovation and R&D. Now, let's explore how economies of scale can benefit businesses. Test your knowledge with this quiz!
What is the definition of economies of scale?
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Which of the following are types of economies of scale? (Select all that apply)
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Economies of scale occur when the {{blank0}} cost per unit decreases 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 businesses is most likely to benefit from economies of scale?
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If a company produces 1,000 units at £5 each, and 2,000 units at £4 each, what is the cost saving per unit?
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The main advantage of economies of scale is a reduction in {{blank0}} costs per unit, which helps businesses become more {{blank1}}.
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What is a potential disadvantage of economies of scale?
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