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Investment TermsAn audio glossary of investment terms for young people and intending investors. Earn SYBL as you listen by signin up on: https://tse.sybel.io/110927A6F4 Author: Africa Business Radio
An audio glossary of investment terms for young people and intending investors.Earn SYBL as you listen by signin up on: https://tse.sybel.io/110927A6F4Become a supporter of this podcast: https://www.spreaker.com/podcast/investment-terms--4432332/support. Language: en Contact email: Get it Feed URL: Get it iTunes ID: Get it |
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Investment Term for the Day - Economies of Scale
Monday, 8 April, 2024
Economies of scale are cost advantages reaped by companies when production becomes efficient. Companies can achieve economies of scale by increasing production and lowering costs. This happens because costs are spread over a larger number of goods. Costs can be both fixed and variable.The business size generally matters when it comes to economies of scale. The larger the business, the more the cost savings. Economies of scale can be both internal and external. Internal economies of scale are based on management decisions, while external ones have to do with outside factors. Internal functions include accounting, information technology, and marketing, which are also considered operational efficiencies and synergies.Become a supporter of this podcast: https://www.spreaker.com/podcast/investment-terms--4432332/support.
