Buying economies of scale
Buying economies of scale
Glossary of business
Definition of buying economies of scale
An economy of scale is a situation where a firm is able to gain from lower average costs at higher levels of output. Buying economies of scale often come about because large firms are able to purchase at a lower price than small firms because of the market power they have. An example would be the buying power that supermarkets have over their suppliers.
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Terminology about business
Job world
Definition and meaning of buying economies of scale
Meaning of buying economies of scale
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