/*! This file is auto-generated */ .wp-block-button__link{color:#fff;background-color:#32373c;border-radius:9999px;box-shadow:none;text-decoration:none;padding:calc(.667em + 2px) calc(1.333em + 2px);font-size:1.125em}.wp-block-file__button{background:#32373c;color:#fff;text-decoration:none} Q. 5-3PE The concept that relates to gain... [FREE SOLUTION] | 91影视

91影视

Log out

Learning Materials

Features

Discover

Chapter 1: Q. 5-3PE (page 128)

The concept that relates to gaining efficiency through the full utilization of dedicated resources, such as people and equipment.

Short Answer

Expert verified

Economies of scale

Step by step solution

01

Economies of scale

Economies of scaleare the increased costs that businesses achieve as a result of their size and are often quantified by the volume of output generated.

02

How economies of scale can be attained

Economies of scale can be attained if the company and its manufacturing units are expanded, it will have a maximum possibility of bringing down its expenses and it can also be achieved when more and more units of items can be manufactured on a wider level with less input used.

Unlock Step-by-Step Solutions & Ace Your Exams!

  • Full Textbook Solutions

    Get detailed explanations and key concepts

  • Unlimited Al creation

    Al flashcards, explanations, exams and more...

  • Ads-free access

    To over 500 millions flashcards

  • Money-back guarantee

    We refund you if you fail your exam.

Over 30 million students worldwide already upgrade their learning with 91影视!

One App. One Place for Learning.

All the tools & learning materials you need for study success - in one app.

Get started for free

Most popular questions from this chapter

What factors must be traded off in the product development process before introducing a new product?

A manufacturing shop is designed to operate most efficiently at an output of 550 units per day. In the past month, the plant produced 490 units. What was its capacity utilization rate last month?

What are some major capacity considerations in a hospital? How do they differ from those of a factory?

A chart that shows both the time and sequence for completing the activities in a project.

Why would subcontractors for a government project want their activities on the critical path? Under what conditions would they try to avoid being on the critical path?
See all solutions

Recommended explanations on Business Studies Textbooks

Organizational Communication

Read Explanation

Strategy

Read Explanation

Introduction to Business

Read Explanation

Organizational Behavior

Read Explanation

Business Case Studies

Read Explanation

Intermediate Accounting

Read Explanation
View all explanations

What do you think about this solution?

We value your feedback to improve our textbook solutions.

Study anywhere. Anytime. Across all devices.