AQA GCSE Business · 8132
Paper 1
- Revise: Methods of Production
Reductions in average unit cost that can result as a business increases its scale of production.
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GCSE Business · key term
Reductions in average cost that a business can achieve as its scale of production increases.
Used by AQA and OCR
Paper 1
Reductions in average unit cost that can result as a business increases its scale of production.
Paper 1, Paper 2
Reductions in average cost per unit that a business can achieve as it grows in size.
Revise: External GrowthCombining purchasing orders may allow it to negotiate bulk discounts from suppliers, lowering its cost per unit. These cost savings are an example of economies of scale.
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