Question

Describe one difference between( a )merger and a takeover.


(b) Define the term economies of scale.

(c) With reference to the airline industry, explain two differences between external
growth and internal growth.
(d) With reference to two intemal stakeholders and two external stakeholders, discuss
the statement that "larger is not always better" from the perspective of the airline
industry

Answer 1

Answer:

b)Economies of scale refers to the cost savings a company can earn by increasing the size of their operation or number of units produced. In other words, the production process becomes more efficient as more goods are produced.