Production/technological economies - Technology is used to replace employees; mass production means unit costs are lower., Purchasing/marketing economies - Bulk buying lowers the unit price; employing specialist buyers/sale team; advertising costs can be spread., Financial economies - Easier to raise capital as easier to borrow; risk spread over more products; potential finance from retained profits; admin costs can be spread., Managerial economies - Attracts specialist/top managers., External economies - Availability of skilled labour; close to similar businesses, specialist suppliers and support services; better road and rail networks; attracts other businesses.,

Economies of Scale - Match-Up

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