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Economies of Scale

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Business Studies Mind Map on Economies of Scale, created by maddiemurchie23 on 30/04/2013.
maddiemurchie23
Mind Map by maddiemurchie23, updated more than 1 year ago
maddiemurchie23
Created by maddiemurchie23 over 11 years ago
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Resource summary

Economies of Scale
  1. Internal
    1. Types of economies of scale
      1. Managerial
        1. Technical
          1. Financial
            1. Marketing
              1. Purchasing
              2. Diseconomies of scale
                1. Average cost of output rises as firms increase scale
                  1. Motivation
                    1. Communication
                      1. Management
                    2. External
                      1. Cheaper suppliers
                        1. Cheaper workforce
                          1. Infrastructure
                            1. Diseconomies of scale
                              1. Wages rise
                                1. Infrastructure gets overused
                              2. Average costs fall as firms increase scale
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