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1.4 Production, costs, revenue and profit

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Question 43

A sports-equipment manufacturer is expanding its output. It now hires specialist managers to run production and marketing separately, and it orders polymer sheets in much larger quantities.

Which two economies of scale does the manufacturer gain from these changes?

[1]
A

Managerial and purchasing

B

Managerial and technical

C

Purchasing and risk-bearing

D

Financial and technical

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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