Economies of scale: • internal (falling average total costs as output increases) • external (falling average total costs due to external factors).
Standard detail
BO.1a
Depth 3Parent ID: B426CECC748445B88E5162EE3900AA8CStandard set: iGCSE Business
Original statement
Quick facts
- Statement code
- BO.1a
- List ID
- a
- Standard ID
- 322949934FC540BDB199FFD68B8F4150
- Subject
- Business
- Grades
- 10
- Ancestor IDs
- B426CECC748445B88E5162EE3900AA8CA2E337F5258842A8A49EF119C5BD00C2D5F2030979074B6689276847F0879D2B
- Source document
- Pearson Qualifications
- License
- CC BY 4.0 US