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
And actually passed?