economies and diseconomies of scale Flashcards
1
Q
what is an economy of scale
A
the cost advantage experienced by a firm when it increases its level of output
2
Q
what is a diseconomy of scale
A
occur when a business grows so large that the costs per unit increase
3
Q
what does the r in rmfptm stand for
A
risk bearing
4
Q
what does the r in rmfptm stand for
A
marketing
5
Q
what does the r in rmfptm stand for
A
financial
6
Q
what does the r in rmfptm stand for
A
purchasing
7
Q
what does the r in rmfptm stand for
A
technical
8
Q
what does the r in rmfptm stand for
A
managerial
9
Q
what does the a in ABC stand for
A
alienation
10
Q
what does the b in ABC stand for
A
bureaucracy
11
Q
what does the c in ABC stand for
A
communication
