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Duplicate of Economies of scale
Duplicate of Economies of scale
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StudBud Administration
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For revising the different types of economies of scale
Flashcards
12 cards
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Questions
12
Answers
1
Being able to raise money by selling shares is an example of which economy of scale?
Technical
Financial
Marketing
Managerial
2
Which of the following is an external DIS economy of scale?
Increased price of resources
Overcrowding
Poor motivation
Poor coordination
3
Which of the following is an internal DIS economy of scale?
Overcrowding
Increased price of resources
Poor motivation
Poor coordination
4
Receiving a discount when buying large amounts at one time is an example of a ....
... a production economy
... a technical economy
... a purchasing economy
... a management diseconomy
5
If an a firm benefits from an economy of scale but does not control it, this is an example of:
An external economy
An internal economy
A management diseconomy
A management economy
6
Which of the following is NOT an economy of scale?
Purchasing
Technical
Marketing
Selling
7
Which of the following is an example of an External economy of scale?
Universities setting up where the business is established
Buying in large amounts
Using market segmentation to design your product
Marketing multiple products
8
Management economies of scale is caused by which of the following?
Small business managers not understanding their job
Lare firms giving managers lots of holidays
Large firms being able to hire specialised managers
Small business managers eating too much cake
9
Diseconomies of scale are when
a firm lowers their price to increase demand
the production increases because of more machinary
average costs of roduction increase as the scale of production increases
fixed costs increase due to higher rent
10
Firms which use lots of specialised technical equipment will benefit from:
Risk bearing economies of scale
Technical economies of scale
Marketing economies of scale
Financial economies of scale
11
Why do small businesses survive without EOS?
Their service is often more personalised
The quality is (sometimes) better when produced on a smaller scale
They have a wider variety of products
They charge lower prices
12
Being able to advertise on TV is an example of which type of economy of scale?
Technical
Financial
Marketing
Risk bearing
