Question 11 1 point Economies of scale can be produced by a

Question 11 (1 point) Economies of scale can be produced by: a. manufacturing products in large quantities O b. purchasing raw materials in large quantities O c. better use of workers\' skills and knowledge d. all of the above Save

Solution

Economies of scale is the reduction of overall cost of manufacturing a product by production in large quantity and by procuring the required resources in bulk so that price negotiation leads to reduced costs and thus helps in overall reduction of cost of the goods manufactured

So, as per above discussion, all the above options (a, b and c) are correct and option d is the correct option