Technical economies of scale
What Technical economies of scale means in Business GCSE, as defined for AQA.
Definition of Technical economies of scale
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Reference: AQA
Cost advantages from production methods such as specialist machinery, automation and division of labour, spreading fixed costs over more units so average cost falls.
Topics that use Technical economies of scale
- Expanding a business (AQA GCSE)
Related terms
- Diseconomies of scale
- Economies of scale
- External growth
- Fixed Costs
- Franchising
- Horizontal, vertical and conglomerate integration
- Internal (organic) growth
- Internal and external factors
Using Technical economies of scale in the exam
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