Economies of Scale + Costs
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Last updated 4:13 AM on 12/5/25
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5 Terms
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Economies of Scale
Cost savings when production increases and average cost per unit decreases
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Types of Economies of Scale
Purchasing managerial financial marketing and technical efficiencies
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Hidden Costs of International Business
Environmental damage worker exploitation unsafe factories poor wages
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Social Costs of International Business
Loss of culture inequality dependence on foreign companies ethical concerns
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Sustainability Concerns
Companies must consider long-term environmental and social impacts when trading globally
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Flashcards (58)