Business Management
Economies of scale is an important concept in economics and business strategy, offering companies the opportunity to achieve significant cost advantages as they expand their output. This occurs due to the strong relationship between...
Diseconomies of scale are which the company experiences an increase in average unit cost when the production output increases.
The Societal Marketing Concept states that corporates should offer products and services which satisfy the needs of their consumers, company requirements and maintains the well-being of the society at large.
Horizontal Integration is where two companies in the same industry merge together.
Forward integration is a strategy where the company gains control of the business activities that are ahead in the value chain.
Backward integration is a strategy where the company gains control of the business activities that were behind in their value chain.
Differences between Forward Integration and Backward Integration
Vertical integration is where the company obtains the ownership and control of more than one stage of the supply chain.
Internal economies of scale are the cost advantages that arise within the company. This article contains different types of internal economies of scale with industry examples.
Detailed Comparison of Internal Economies of Scale and External Economies of Scale