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Q. 5-3PE

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Operations And Supply Chain Management
Found in: Page 128
Operations And Supply Chain Management

Operations And Supply Chain Management

Book edition 14th
Author(s) F. Robert Jacobs
Pages 800 pages
ISBN 9780078024023

Short Answer

The concept that relates to gaining efficiency through the full utilization of dedicated resources, such as people and equipment.

Economies of scale

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Step by Step Solution

Economies of scale

Economies of scale are the increased costs that businesses achieve as a result of their size and are often quantified by the volume of output generated.

How economies of scale can be attained

Economies of scale can be attained if the company and its manufacturing units are expanded, it will have a maximum possibility of bringing down its expenses and it can also be achieved when more and more units of items can be manufactured on a wider level with less input used.

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