Purchasing economies
What Purchasing economies means in Economics GCSE, as defined for AQA.
Definitions of Purchasing economies
Exam boards and our study guides word this term in slightly different ways. Learn the version your board uses.
Check what you remember
Read the wording for your board, then hide it and explain Purchasing economies in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
Bulk buying discounts gained by buying thousands of units directly from manufacturers at a lower unit price.
Bulk buying to reduce unit costs, as firms negotiate lower unit prices.
Topics that use Purchasing economies
- Economies of scale (AQA GCSE)
Related terms
- Communication problems
- Competitive advantage
- Coordination and control issues
- Economies of scale
- External economies of scale
- Fixed costs
- Internal economies of scale
- Average costs
Using Purchasing economies in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
Practise Economics questions
Create a free account to answer exam-style questions on this topic and get feedback on your answers.
A week of Premium from your first lesson · Then the free plan continues · No card, no charge