Examlex
What kind of speech focuses on a process or how something works?
Economies of Scale
The cost advantage that arises with increased output of a product, leading to a reduction in the per-unit cost of production.
Average Total Cost
The total cost of production (fixed and variable costs combined) divided by the number of units produced, indicating the cost per unit of output.
Operation Size
The scale or scope of a business's activities, ranging from small, single-location operations to large, multinational corporations.
Diseconomies of Scale
A situation where a company or organization grows so large that the costs per unit increase.
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