A level Business Revision - Economies of Scale

[@SirSimpleSloth]

Timestamps for each of the types: Internal Purchasing = 1:02 Marketing = 1:34 Technical = 2:03 Managerial = 2:36 Financial = 3:25 External Infrastructure = 4:12 Technology = 5:15 Knowledge = 5:47

[@kianhalley4291]

Legend mate

[@jadesudiarta3156]

you've literally made learning business so easy and fun for me, I cannot thank you enough for your efforts!!

[@TakingTheBiz]

You're most welcome. Thank you for taking the time to leave a comment. Good luck in your exams.

[@FeriBlueBerry]

Given the fact that your videos are splendid, I just had to give my gratitude for your intonation and pronunciation. It really helps me focus and pick out important points in the highs and lows of your voice. Great video as always!!

[@user-kg4fx4tt3t]

Thank you so much I was just about to search for economies of scale vedio.

[@jhonnybhai4296]

Man your videos are so full of information...thank you Sir

[@PapaSeed]

Thanks so much can u go over globalisation please mate

[@Moebius_E]

I actually love your videos so much, you will be the reason why I pass my business A level 🙏

[@Mohammad_26473]

Mate , your a legend this is exactly what I need for my up coming exams 🙏🙏 thank you and keep up the amazing work

[@TakingTheBiz]

Thank you for the comment and good luck with your exams!

[@samwatches03]

i love your videos, honestly its helped me so much, any chance that you would do private tutoring?

[@TakingTheBiz]

Thanks for the comment I do a small amount of private tuition each year. You can contact me here to discuss if you wish: www.takingthebiz.com/copy-of-support

[@vero529]

Best teacher

[@AiePro26]

Thank you for this. Can you do a 5 Topic in 5 minutes video please? I find them very helpful.

[@da14a49]

Would government subsidies linked to volume of output for a certain industry (e.g.milk) be considered an external econmies of scale

[@thankyou6983]

Hello TakingTheBiz. Your videos are very informative, clear and concise. However, I have some questions relating to my personal Business Studies situation. Is there any way I can contact you privately?

[@TakingTheBiz]

Feel free to leave questions in the comments section of any video or alternatively check out the TakingTheBiz facebook or Twitter pages

[@thankyou6983]

TakingTheBiz I will contact you on Facebook promptly

[@gracefrench7935]

economies of scale: increased scale of production from business growth, lowers the average cost -> cost of production is spread over more units internal economies of scale: changes within the business that allow economies of scale to be reached marketing economies of scale: cost of marketing is spread over more sales -> lowers the average cost of marketing -> firms can reuse marketing material in different geographical locations due to being big (global or national company) purchasing economies of scale: company's grow and expand and buy raw materials from their suppliers in bulk, allowing them to gain discounts which lower the cost per unit technical economies of scale: expanding businesses invest in more advanced technology and machinery allowing them to generate more output within a period of time -> this allows their cost per unit to fall (cost of production is spread over more units) managerial: as a business expands they will attract more specialist recruits that can implement new strategies to generate produce more efficiently - costs spread over more units, lowers the average cost allowing economies of scale to be reached financial: larger firms are perceived as being more trust worthy and reliable due to their size -> gain access to loans with a lower interest rate -> cheaper sources of finance lowers average cost

[@rjlives1671]

very clear thank you very much

[@tomgrainger2983]

Hi Sir, how many chains of analysis is recommended for each point in a 9 markers, 12 markers, 16 markers, 20 markers and 25 markers. I watched your videos on analysis, however, you suggested more chains but did not give an indication of how many. Thanks for the constant support, your videos are really helpful :).

[@tomgrainger2983]

*suggested more chains as the questions get worth more marks.

[@TakingTheBiz]

I would personally recommend just 1 chain of analysis for each point that you make, but I would try and make the number of links in the chain longer as the number of marks a question is worth increases. For example, you might offer many more links in your chain for a 25 marker than you might for a 12 marker. Remember though, there are no rules released by the exam boards as to how 'deep' analysis should be, so its impossible to make statements like 'if there are 5 links in your chain then you will get a B grade but if there are 7 you will get an A'. In addition, the quality of your points and analytical statements are important too.

[@tomgrainger2983]

Thank you :)

[@mahakhan6671]

I have my paper 1 and 2 this week and paper 3 on the 29th please provide with some last minute tips. And can you please do a video on income statement, balance sheet and cash flow statement? Thank youu

[@TakingTheBiz]

My last minute tip would always be to trust your knowledge (you've spent months revising your knowledge) and concentrate on your exam skills - particularly application. So often, students have amassed so much knowledge by revising for an exam that they forget the importance of the different exam skills - most commonly, they forget to apply their ideas to the business in the question. Good luck with your exams!

[@TakingTheBiz]

Good luck with your exams. Income statements are touched upon in this video: kzbin.info/www/bejne/aHnOhmdrq8uXa6c

[@mahakhan6671]

You are a life saver!! Thank you so much for everything. It's reallly helpful

[@mickaelhasneinkassamallyes459]

Mauritian toi ??

[@mahakhan6671]

@@mickaelhasneinkassamallyes459 what?

[@dylanirish708]

Hey thank you so much for your valuable content which has been very beneficial to me. Do you have an email which I can contact you through for inquires by any chance ? Thank you once again.

[@TakingTheBiz]

Hi. You can contact me here: www.takingthebiz.com/copy-of-support

[@oliveroliver5561]

Top G 🤑

[@KrenzyHD]

very useful, thank you :)

[@ajiyra1188]

thank you!

[@glbth]

very useful！👍🏻

[@claudiagil1925]

FDI VIDEO, please I love your videos

[@aya7456]

thank you so much

[@TakingTheBiz]

Always a pleasure. I hope you found the video useful

[@psychepie4116]

What is meant by A level business revision?

[@marshamembee9020]

thankssss