Quiz: External Economies of Scale
iGCSE Business Studies [Edexcel]
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Welcome! You've already mastered internal economies of scale. Now, let's focus on external economies of scale — what they are and how they benefit businesses. Get ready for some challenging questions designed to push your understanding further!
Which of the following best describes external economies of scale?
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Which of the following are examples of external economies of scale? (Select all that apply)
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External economies of scale are generally shared by all firms in the {{blank0}}, often due to improvements in {{blank1}}.
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Match the items on the left with their correct pairs on the right
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Why might external economies of scale lead to regional specialisation?
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What challenges might limit the benefits of external economies of scale? (Select all that apply)
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An example of external economies of scale is when a {{blank0}} invests in transport links, which benefits multiple industries by reducing {{blank1}} costs.
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Match the items on the left with their correct pairs on the right
Match the items on the left with their correct pairs on the right
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