Question

Economics of scales is achieved in the production process by when the _________________________? (a) People experience with the work (b) Reengineering process is adopted (c) Management introduce new technology (d) Customization of the product​

Answer 1

How do you achieve economies of scale?

Companies can achieve economies of scale by increasing production and lowering costs. This happens because costs are spread over a larger number of goods. Costs can be both fixed and variable.