Th3.3: Internal Economies of Scale Flashcards

1
Q

What is an internal economy of scale?

A

an advantage that a firm is able to enjoy because of a growth in the firm, independent of anything happening to other firms or the industry in general

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2
Q

What are the five different internal economies of scale?

A
technical economies
financial economies
risk bearing economies
managerial economies
marketing and purchasing economies
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