Scale, average cost and the long-run curve
Scale, average cost and the long-run curve
Scale of operations means the size of a business's activity, measured by output, employees, sites, revenue or market share. Firms can increase scale through organic growth or external growth, and this can change costs, competitiveness, bargaining power and risk.
Step-by-step lessons on OCR A Level Business The influence of scale of operations on a business. Each one builds up to exam-style questions. Build up your knowledge of the core business functions first, then focus revision time on the strategy and evaluation-heavy topics, since these carry the most marks.