πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!


    Question

    We quite often use the term economies of scale. What

    does this mean?
    A Reduction in the unit cost of distribution Correct Answer Incorrect Answer
    B Increase in the unit cost of production Correct Answer Incorrect Answer
    C Addition to the unit cost of distribution Correct Answer Incorrect Answer
    D Reduction in the unit cost of production Correct Answer Incorrect Answer

    Solution

    Economies of scale means reduction in the unit cost of production.

    Practice Next
    ask-question