Edexcel IGCSE Business Studies 5.1.1 Economies of Scale Questions
Practise recognising economies of scale as falling average costs when output or business size increases.
- Syllabus
- First assessment 2019
- Course
- Business Studies 4BS1
Exam points
- define economies of scale as average costs falling when output or size increases
Edexcel IGCSE Business Studies 5.1.1 Economies of Scale Questions question 1
[Maximum number: 1]
Define the term economies of scale.
A01-1 mark
Award 1 mark for a correct definition of economies of scale.
- A fall in average costs as output increases (1)
(1)
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