economies of scale

• What is buying economies scale?

  Buying in greater quantities usually results in a lower price (bulk buying)
• What is technical economies of scale?

  Use of specialist equipment or processes to boost productivity
• What is marketing economies of scale?

  Spreading a fixed marketing spend over a larger range of products, markets and customers (TV adverts)
• Network economies of scale?

  Adding extra customers or users to a network that is already established
• What is financial economies of scale?

  Larger firms benefit from access to more and cheaper finance