Economies Of Scale

Question 1

Financial economies of scale

Answer 1

Obtaining favourable loan rates

Question 2

Managerial economies of scale

Answer 2

Employing specialist staff

Question 3

Technical economies of scale

Answer 3

Can afford better equipment

Question 4

Purchasing economies of scale

Answer 4

Buying in milk

Question 5

Marketing economies of scale

Answer 5

Being able to advertise a brand rather than a product