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
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.
@@Brainbuster speed doesnt help if the voice is monotonous. I felt bored after a few words he said, he rarely changes the intonation and so its hard to stay focused. Tempo is fine. So is the topic he is talking about, but he needs to say it more lively.
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?
The Fitness Gamer Thanks for the positive feedback. I do use music on some videos but I think it can be distracting? Especially if people are listening to their own music. Yes, hope to invest in better recording soon.
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.
Glad you enjoyed the video, thanks for the feedback. At the time I recorded this I was really struggling with a long-term sinus problem - hence the very nasal sound.
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
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.
you r really good at teaching... but make sure next time we r able to hear your voice
you should have answered the question as a guideline but i enjoyed it
Glad you enjoyed Patricia, thanks for the feedback.
very concise and useful👩❤️💋👩🧌
thank you patricia, this lead me to watch this video with great intent 🧌🐿️🥜👑
Good vid but very monotone and boring voice. Just work on that
Just play it at 1.5x playback speed.
@@Brainbuster speed doesnt help if the voice is monotonous. I felt bored after a few words he said, he rarely changes the intonation and so its hard to stay focused. Tempo is fine. So is the topic he is talking about, but he needs to say it more lively.
@@IvonaFlakus Hes trying, don't be an ass
@@IvonaFlakus shut up
Good! The material was clear and well explained.
hi there
Awesome, thank you!
Why y'all ain't answer the questions and stop hating the guy voice😒😒
I enjoyed this lecture. The examples in it were relatively clear and simple to understand.
Glad you enjoyed it David.
very helpful video ! Thank you :)
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?
Great content, but Please work on making the narration with a lively voice.thanks
Great video with good use of visuals. Why not try adding background music with better audio recording system? (good example: investopedia videos)
The Fitness Gamer Thanks for the positive feedback. I do use music on some videos but I think it can be distracting? Especially if people are listening to their own music. Yes, hope to invest in better recording soon.
thank you for this clear explanation
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.
Come on guys this is just the 2nd video
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?
Lorry== a truck for Americans here
👍🏻👍🏻
De una
ok
chandigarh university
thnx
Nice explanation, but the voice sounds boring and dead
Can someone tell me why is Joe sitting on his dog while he's typing on a computer? Lol
video is nice but you talk as if falling asleep at any moment
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!
Glad you enjoyed the video, thanks for the feedback. At the time I recorded this I was really struggling with a long-term sinus problem - hence the very nasal sound.
ur voice is aweful and I sense that u r forced to do the video although that the idea and explanation is quit good