what do you mean by scale ? what are its advantages
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Economies of scale are cost advantages reaped by companies when production becomes efficient. Companies can achieve economies of scale by increasing production and lowering costs. This happens because costs are spread over a larger number of goods
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Definition of scale :
The definition of a scale is an outer protective layer made up of flat, rigid, overlapping plates.Scale is defined as a system or series of marks used for measuring or registering. Advantages of scale :
Economies of scale are cost advantages that can occur when a company increases their scale of production and becomes more efficient, resulting in a decreased cost-per-unit. This is because the cost of production (including fixed and variable costs) is spread over more units of production.
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