Examlex
External economies of scale occur when an industry expansion results in lower unit costs for firms.
Production Manager
A professional responsible for overseeing the production process within a manufacturing facility, ensuring that goods are produced efficiently, safely, and meet quality standards.
Responsibility Centre
A unit within an organization, such as a department or division, whose manager is accountable for specific financial and operational outcomes.
Controllable
Refers to costs or factors within a business that can be managed or influenced by decisions made by the company.
Uncontrollable
A term referring to factors or costs that cannot be directly controlled or influenced by decisions in the short term.
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