Explain the concept of economies of scale

Assignment Help Operation Management
Reference no: EM13250893

Explain the concept of economies of scale. Give an example of how a small company can reach economies of scale (it could be any small company that you pick)

Reference no: EM13250893

Questions Cloud

What are some major capacity considerations in a hospital : What are some major capacity considerations in a hospital? How do they differ from those of a factory?
Determine the radius of the electrons path : An electron enters a region of space containing a uniform 0.0000201-T magnetic field. Find the radius of the electrons path, and the frequency of the motion
Explain the concept of the focused factory : Explain the concept of the focused factory. Why is this concept considered important in Operations Management?
Determine the pans distance from the ceiling : A massless pan hangs from a spring that is suspended from the ceiling. When empty, the pan is 50cm below the ceiling. What is the pan's distance from the ceiling when the spring reaches its maximum length
Explain the concept of economies of scale : Explain the concept of economies of scale. Give an example of how a small company can reach economies of scale (it could be any small company that you pick)
What is the utilization rate for the bin area : what is the probability that there are more than three tucks in the system at any given time?
How to fit a image in the main frame : how to fit a image in the main frame of uploaded file?
What is the break even point in dollars : two students decide to open their own copy-service business. the annual fixed cost is $54,000 and the average variable cost for each copy sold is $.08. they expect to sell each copy at $.12 per copy.
Determine the cross-sectional area of the wire : A solenoid made out of 3500 turns of a fine silver wire about a tube 1cm in radius has a potential drop of 3.2V at a current of 2A in the lab. What is the cross-sectional area of the wire

Reviews

Write a Review

Operation Management Questions & Answers

  Elucidate how appropriate might a just in time inventory

Elucidate how appropriate might a just in time inventory system be for a product such as roller skates. Illustrate what opportunities are therefore Rollerblade managers to see themselves as selling services, instead of simply roller skates.

  Internal resistance to cios becoming more externally

Why would there be internal resistance to CIOs becoming more externally customer focused than they were before

  Which work station should each worker be assigned

To which work station should each worker be assigned in order to minimize the flow time of the assembly line? What is the associated flow time?

  What is re-order point

Image text transcribed for accessibility: The injection molding department of a company uses an average of 30 gallons of special lubricant a day.

  What should the coordinates of the new factory be

The expected annual volumes expected to be shipped through the three warehouses is forecast to be 20 million units through A, 100 million through B and 50 million through C. Using the centroid method, approximately what should the coordinates of ..

  Explain the steps of the collaboration process

Identify and explain the steps of the collaboration process among the functional areas that must be employed to achieve organizational goals, and prepare an action plan to implement the collaboration process

  Who should write the sow

One of the most important outputs from the plan procurement process is the procurement statement of work (SOW). Who should write the SOW? How detailed should it be? Why is this important?

  To provide equal yearly payments

How much should be invested at 12% nominal interest rate, compounded monthly, to provide equal yearly payments of $10,000 per year for 6 years

  Relationship in business organizational strategy and project

Explain the relationship between a business's organizational strategy and its projects. Based on your budding understanding of project management, predict which elements of project management are most influenced by the business's organizational strat..

  How nontraditional work schedules might make

As a business employer, explain how nontraditional work schedules might make it easier for you to recruit employees.

  Discuss potential key changes in the external environment

Discuss potential key changes in the external environment, specifically competition and technology including communications that Sigma will face in the future.

  Explain how willing you be to go along ethical standards

f you were to be sent to another country to work for a period of time, where the cultural ethical standards were very different from yours. Explain how willing would you be to "go along" with the ethical standards of which culture.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd