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1.4 Production, costs, revenue and profit

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Question 100

After a retailer opens hundreds of branches, information from stores reaches senior managers too slowly and costly mistakes increase. This is most likely evidence of

[1]
A

diseconomies of scale caused by coordination problems

B

financial economies of scale caused by lower interest rates

C

purchasing economies of scale caused by bulk orders

D

technical economies of scale caused by larger equipment

Markscheme

1.4 Production, costs, revenue and profit Questions

  1. GCSE
  2. /Economics
  3. /1.4 Production, costs, revenue and profit

138 exam-style questions on AQA GCSE Economics 1.4 Production, costs, revenue and profit, covering 1.4.1a Business objectives, 1.4.1b Types of costs and revenue, 1.4.1c Calculating profit, 1.4.1d Profit as an incentive to produce, 1.4.1e Moral and ethical considerations, 1.4.2a Production versus productivity, 1.4.2b Factors and benefits of productivity, 1.4.3a Economies of scale and business behaviour, 1.4.3b Types of economy of scale, and 1.4.3c Diseconomies of scale. Each one has a worked solution and a mark scheme showing where the marks go.

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