Economies of Scale

By |2022-09-15T12:40:38+02:00February 6th, 2016|Notes, O Level Business Studies Notes, Ordinary Level Notes|

Larger firms can save by buying in bulk. Image credit nfe-lifts.com

Larger firms can save by buying in bulk. Image credit nfe-lifts.com ZIMSEC O Level Business Studies Notes: Economies of Scale
  • As firms grow in size, they acquire certain advantages that are known as economies of scale.
  • In other words economies of […]

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