{"id":1013,"date":"2012-05-24T19:50:49","date_gmt":"2012-05-25T01:50:49","guid":{"rendered":"http:\/\/opengecko.com\/?p=1013"},"modified":"2012-05-25T06:28:57","modified_gmt":"2012-05-25T12:28:57","slug":"economies-of-scale-2","status":"publish","type":"post","link":"https:\/\/opengecko.com\/geckoview\/economics\/economies-of-scale-2\/","title":{"rendered":"Economies of Scale"},"content":{"rendered":"

<\/h4>\n

Image<\/a>: Some rights reserved<\/a> by Cory M. Grenier<\/a><\/p>\n

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Starter<\/h4>\n

What cost advantages are there for big firms? Watch the video clip below.<\/font><\/p>\n

On board world’s biggest cruise ship Oasis of the Seas<\/a><\/h3>\n

<\/a><\/p>\n

Image<\/a>: <\/font>Some rights reserved<\/font><\/a> by <\/font>Paul Dickerson<\/font><\/a><\/p>\n

Resources<\/h4>\n

There are five main types of Economies of Scale for you to consider. The resources give a little bit of information about each one.<\/font><\/p>\n

<\/font><\/p>\n

1) Purchasing Economies<\/u><\/font><\/p>\n

PAJHolden Youtube Clip<\/a><\/font><\/p>\n

learnpremium interactive<\/a><\/font><\/p>\n

<\/font><\/p>\n

<\/u><\/font><\/p>\n

2) Financial Economies<\/u><\/font><\/p>\n

PAJHolden Youtube Clip<\/a><\/font><\/p>\n

learnpremium interactive<\/a><\/font><\/p>\n

<\/font><\/p>\n

<\/u><\/font><\/p>\n

3) Managerial Economies<\/u><\/font><\/p>\n

PAJHolden Youtube Clip<\/a><\/font><\/p>\n

Study this business structure<\/a> and consider how it is more efficient than a company which is a sole trader<\/font><\/p>\n

<\/font><\/p>\n

<\/u><\/font><\/p>\n

4) Technical Economies<\/u><\/font><\/p>\n

PAJHolden Youtube Clip<\/a><\/font><\/p>\n

learnpremium interactive<\/a><\/font><\/p>\n

<\/font><\/p>\n

<\/u><\/font><\/p>\n

5) Marketing Economies<\/u><\/font><\/p>\n

PAJHolden Youtube Clip<\/a><\/font><\/p>\n

learnpremium interactive<\/a><\/font><\/p>\n

<\/font><\/p>\n

<\/font><\/p>\n

General resource for cross-referencing<\/font><\/p>\n

Interactive via gregglee.biz<\/font><\/a> <\/p>\n

<\/font><\/p>\n

Demonstrating Your Understanding<\/h4>\n

<\/font><\/p>\n

Level 3 Activity<\/strong> \u2013 Quite tricky \u2013 makes you think. Complete the first two tasks at the end of this page<\/a>, but use the 5 economies of scale above. The scores in brackets are not the same as IGCSE scores, so you can ignore them. As you do so, be sure to explain what each type of economies of scale means <\/u>Extra Task \u2013 include Risk Bearing Economies. <\/em><\/font><\/p>\n

Level 2 Activity<\/strong> \u2013 Medium Difficulty \u2013 Think of some of the ways in which IKEA uses the five Economies of Scale listed above. even if you can\u2019t give specifics, give examples that you think would apply to IKEA (or another large retail firm). This pdf file referring to IKEA in Bangkok, Thailand, might give you some ideas.<\/a> As you do so, be sure to explain what each type of economies of scale means<\/u>. Extra Task \u2013 include Risk Bearing Economies.<\/em><\/font><\/p>\n

Level 1 Activity<\/strong> \u2013 Accessible and Useful<\/font><\/a>. Extra Task \u2013 research and comment on Risk Bearing Economies. <\/em>Having done this you should be able to answer a question like this \u2018Explain what is meant by economies of scale\u2019 (6)<\/font><\/p>\n

 <\/font><\/p>\n","protected":false},"excerpt":{"rendered":"

Image: Some rights reserved by Cory M. Grenier   Starter What cost advantages are there for big firms? Watch the video clip below. On board world’s biggest cruise ship Oasis of the Seas Image: Some rights reserved by Paul Dickerson Resources There are five main types of Economies of Scale for you to consider. The…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,13],"tags":[295,213],"class_list":["post-1013","post","type-post","status-publish","format-standard","hentry","category-economics","category-igcse-economics","tag-4-4-the-private-firm-as-a-producer-and-employer","tag-economies-of-scale"],"_links":{"self":[{"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/posts\/1013","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/comments?post=1013"}],"version-history":[{"count":5,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/posts\/1013\/revisions"}],"predecessor-version":[{"id":1021,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/posts\/1013\/revisions\/1021"}],"wp:attachment":[{"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/media?parent=1013"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/categories?post=1013"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/tags?post=1013"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}