economies of scale

Management, technical and purchasing. See also ECONOMIES OF SCALE PART 2 on the LearnLoads YouTube Channel.

[michaelfranklin]

I appreciate the example at the end. Thinking about how the dog food company could expand via technical means, specialization, and purchasing power helped me explore the potential of economies of scale.

[sophiacho]

economies of scale => larger companies being able to reduce per unit cost and yield more profit/benefit overall due to techincal, specialization, and purchasing economies of scale

technical economies of scale => able to save costs via having the ability to invest in more cost-effective equipment/machinery
specialization economies of scale => able to employ specialists that would increase efficiency due to their expertise
purchasing economies of scale => able to purchase resources in bulks, which often leads them to better deals (reduced costs) from the resource producer

[nishattabassum]

you r really good at teaching... but make sure next time we r able to hear your voice

[MsErinStyles]

you should have answered the question as a guideline but i enjoyed it

[keatongroom]

Good vid but very monotone and boring voice. Just work on that

[darrelmorgan]

Why y'all ain't answer the questions and stop hating the guy voice😒😒

[ngouaanaelle]

Good! The material was clear and well explained.

[davidkialainjr.]

I enjoyed this lecture. The examples in it were relatively clear and simple to understand.

[rufaidaruthi]

Great content, but Please work on making the narration with a lively voice.thanks

[thefitnessgamer]

Great video with good use of visuals. Why not try adding background music with better audio recording system? (good example: investopedia videos)

[acao]

I enjoyed this video, but the audio is not great. I found it a little hard to understand. Please speak more clearly next time or use a better mircrophone.

[juliesusiwala]

The correct answer & how to answer it would help at the end of the video. I am teaching this for the first time can anyone help me with the correct modelled answer? How could the dog food company expand via technical means, specialization, and purchasing power helped me explore the potential of economies of scale?

[kameksapprentice]

Nice explanation, but the voice sounds boring and dead

[jimmyvictor]

what if foxxcon got a percentage on every IPhone they built.... the little guy will win as well.... wait that will mess up everything wont it?

[xavierl]

Come on guys this is just the 2nd video

[f.s.]

video is nice but you talk as if falling asleep at any moment

[stevanspasenovic]

Can someone tell me why is Joe sitting on his dog while he's typing on a computer? Lol

[cristinaannis]

Great video, but you sound like a slightly inebriated Ringo Starr, not that I mind at all...I enjoyed learning about economics from the Beatles!

[evanlegacy]

ur voice is aweful and I sense that u r forced to do the video although that the idea and explanation is quit good