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Quiz: How Economies of Scale Lower Unit Costs

WJEC Eduqas GCE A LEVEL in BUSINESS specification

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Building on what you've learned about economies of scale, let's test your knowledge of how they help businesses reduce unit costs!

Multiple ChoiceInteractive

What does 'unit cost' refer to in business?

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Which of the following are examples of internal economies of scale? (Select all that apply)

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Economies of scale occur when increasing production leads to a lower {{blank0}} cost.

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Match the items on the left with their correct pairs on the right

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Math EquationInteractive

If a business produces 1,000 units at a total cost of £50,000, what is the unit cost?

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Multiple ChoiceInteractive

Which type of economy of scale arises when businesses benefit from local skilled labour and suppliers?

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Multi-SelectInteractive

Which factors contribute to external economies of scale? (Select all that apply)

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typedAnswer

Match the items on the left with their correct pairs on the right

Fill in the BlankInteractive

When businesses produce on a larger scale, they can negotiate {{blank0}} prices for raw materials.

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