Which of the following organizations has the least economies of scale?
A) an oil refinery
B) a unit making cameras
C) a bespoke tailor
D) a university class

Question

Quizplus · Accepted Answer

A bespoke tailor creates custom-made clothing, which requires a high level of individualized attention and expertise. This makes it difficult to achieve economies of scale, as each garment is unique and requires a significant amount of labor and materials to produce. In contrast, an oil refinery and a unit making cameras can benefit from economies of scale by producing large volumes of standardized products. While a university class may not have significant economies of scale in terms of a physical product, it can still achieve some economies by optimizing class size and utilizing technology for remote learning.

Which of the Following Organizations Has the Least Economies of Scale