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Question
question 1
economies of scale means that a company can
reduce cost based on the weight of the product
reduce cost by purchasing in bulk
open businesses in different countries
sell more to more customers
Economies of scale refer to the cost - advantages a company gains when it increases its scale of production. Purchasing in bulk is a common way to achieve economies of scale as it often leads to lower per - unit costs. Reducing cost based on product weight is not related to economies of scale. Opening businesses in different countries is more about market expansion and globalization, not directly economies of scale. Selling more to more customers is a result of market growth, not the essence of economies of scale.
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reduce cost by purchasing in bulk