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Economies of Scale - Mind Map

Mind Maps have been produced to introduce topics and give students an overview of key topics being studied. The maps can be viewed as a whole page or, for those who prefer a more linear approach, as a text version.

View larger version of the mind map.

• External Economies
  • Infrastructure
  • Local reputation
  • Supply of skilled labour
  • Access to raw materials/components
  • Local knowledge and skills
• Internal Economies
  • Technical
    • Principle of multiples
    • Principle of increased dimensions
    • Indivisibility of plant
    • Use of waste products
  • Commercial
    • Buying
    • Selling
      • Advertising
  • Financial
    • Raising finance
  • Mangerial
    • Accounts
    • Marketing
    • Production
    • Human resources
  • Risk bearing
    • Diversification