Economies of Scale

From CNM Wiki
Revision as of 21:47, 11 July 2020 by QiratH (talk | contribs)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to: navigation, search

Economies of Scale is the reduction in per-unit costs as volume increases.

Definition

According to the Strategic Management by Parnell (4th edition),

Economies of Scale. The reduction in per-unit costs as volume increases.