Because Nadia wants to decrease the costs of her business, she uses ________ by choosing to buy inputs in bulk and manufacture products in large quantities

Question

Quizplus · Accepted Answer

Economies of scale refer to the cost advantages that a business can achieve by increasing the scale of production, leading to a reduction in average costs per unit. By buying inputs in bulk and manufacturing in large quantities, Nadia is leveraging economies of scale to decrease costs.

Because Nadia Wants to Decrease the Costs of Her Business