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economies of scale
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economies of scale


We expect economies of scale to lift us to profitability after we open our third location.
  economics:  situation where increasing output permits different techniques of production that decrease the cost per unit produced
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economies of scale economy of scale returns to scale return to scale
Notes:
For example, if a firm built a single automobile, it would be very expensive. But if they built a million automobiles each one would be les expensive because they could re-use the design, let workers specialize in the assembly work, get discounts on parts, and so forth.
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  • We expect economies of scale to lift us to profitability after we open our third location.
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Associated words [difficulty]:   economies of scale , diminishing returns [8]
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Most commonly used in these subjects:   Business, Engineering, Public Policy & Politics
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