mero22
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Factors which may influence which source of finance a business chooses.- Internet Rates because a business may be scared of higher interest rates.

Economies of scale - Average unit costs fall when output rises.

Specialisation in jobs -Become an expert which leads to better quality work so sales go up. Also there's less waste.

Drawbacks of producing several styles - This might reduce opportunity to benefit from Economies Of Scale.

Job Production - Each item is made individually.

Batch Production - One type of product is made then production is switched to making a different type of product.

Flow Production - Goods are mass produced, often on an assembly line.

Economies Of Scale
Bulkbuying
Managerial
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