What are the benefits a business enjoys from doing large scale production?

IB D · Jun 10, 2023

When a firm does large scale production, it enjoys certain benefits and advantages than one that produces at a small quantity. One of the major benefits enjoyed your in large scale production is reduced cost. The unit cost is spread round the quantity which ultimately results in lower cost per unit.

What are the other benefits a business or company would get when its production is on a large scale.

cherry123 · Jun 10, 2023

Yes I agree with you one of the major benefits for large scale production is reduced cost.this is because as you have stated the unit cost is spread round the quantity

Yohanna · Jun 10, 2023

A lot of companies get involved in large-scale production because they will make more money from it .ultimately, large-scale production required capital and it will give you more profit .

cherry123 · Jun 10, 2023

Yes large scale Comes with more money so a lot of people would love to go with it. it is good to always go for large scale production as it will help with easy expansion

Springtime · Jun 10, 2023

Yes, large scale production has the advantage of economy of scale. You can make full use of your capital equipment. However, before engaging in large scale production, you have to estimate the demand of your products. Otherwise, there will be excessive production.

Niyi Briggs · Jun 10, 2023

Large scale production makes it easy for a business to source for production inputs even in times if scarcity. You can also make higher turnovers because you can afford to sell your goods at a cheaper rate and people would rush.

Etini Willie · Jun 10, 2023

When a business does large scale production, it would enjoy the benefit of increased efficiency as more productive resources would be put into work for them to function at the appropriate capacity.

eldavis · Jun 12, 2023

One major advantage of large scale production is the fact that you would be able to easily meet the needs and as well satify various customers all at one .

aovurevu · Jun 13, 2023

IB D said:
When a firm does large scale production, it enjoys certain benefits and advantages than one that produces at a small quantity. One of the major benefits enjoyed your in large scale production is reduced cost. The unit cost is spread round the quantity which ultimately results in lower cost per unit.

What are the other benefits a business or company would get when its production is on a large scale.

Large scale production is known for its high profit and also make goods readily available unlike producing goods on a small scale which requires time unlike just a single time production.

Shavkat · Jun 13, 2023

Having a large scale production means the company has a lot of orders to be supplied. It is a matter of being progressive in their field of business. It is a good sign of being successful in business.

Etini Willie · Jun 13, 2023

aovurevu said:
Large scale production is known for its high profit and also make goods readily available unlike producing goods on a small scale which requires time unlike just a single time production.

It is true that it helps your product not to be out of stock in the market thereby satisfying the needs of teeming customers. But only do large scale production if you are sure you have a large enough market.

Heatman · Jun 13, 2023

IB D said:
When a firm does large scale production, it enjoys certain benefits and advantages than one that produces at a small quantity. One of the major benefits enjoyed your in large scale production is reduced cost. The unit cost is spread round the quantity which ultimately results in lower cost per unit.

What are the other benefits a business or company would get when its production is on a large scale.

I believe that one of the benefits of running a business on a large-scale production is increased profit-making because you will be selling a lot to a lot of people who are interested in your product.

uptrendfinancialsignal · Jun 13, 2023

Heatman said:
I believe that one of the benefits of running a business on a large-scale production is increased profit-making because you will be selling a lot to a lot of people who are interested in your product.

You have a very good point because if a business is run on a large-scale basis, there is every possibility is of making much more profit compared to when you run a small business.

IB D · Jun 13, 2023

A business that operates on a large scale can easily attract funds injection to boost the business. Investors would feel more at ease investing in a large business. Access to business funds is what a business that operates large scale also enjoys.

Heatman · Aug 2, 2023

IB D said:
When a firm does large scale production, it enjoys certain benefits and advantages than one that produces at a small quantity. One of the major benefits enjoyed your in large scale production is reduced cost. The unit cost is spread round the quantity which ultimately results in lower cost per unit.

What are the other benefits a business or company would get when its production is on a large scale.

When your business is operating on a large scale you will always have the chance of supplying to the middle Men who will now sell to the retailers. I know that you can be making enough profit in this kind of business.

henrytuedor · Aug 2, 2023

you not only need money but also machinery and space to handle the process if you can not handle large amount of inventory via production then you should produce it accordingly to your space .

Bisolami · Aug 2, 2023

Yohanna said:
A lot of companies get involved in large-scale production because they will make more money from it .ultimately, large-scale production required capital and it will give you more profit .

And I later found out that it is good to produce in large-scale because you are not going to be using so much materials only producing it small small
This is why big companies make so much profit

King Belieal · Sep 15, 2024

The main benefits of large scale production is that the costs of production would always be cheaper.

gwolf666 · Sep 15, 2024

IB D said:
When a firm does large scale production, it enjoys certain benefits and advantages than one that produces at a small quantity. One of the major benefits enjoyed your in large scale production is reduced cost. The unit cost is spread round the quantity which ultimately results in lower cost per unit.

What are the other benefits a business or company would get when its production is on a large scale.

I'm glad to hear that you haven't had this experience, but it's great to be prepared just in case. Having this information can be incredibly valuable and reassuring. Thanks for acknowledging the usefulness of the advice—it's always good to have resources like this at your disposal. If you ever need further assistance or more information, feel free to reach out!

What are the benefits a business enjoys from doing large scale production?

IB D

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cherry123

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Yohanna

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cherry123

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Springtime

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Niyi Briggs

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Etini Willie

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eldavis

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aovurevu

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Shavkat

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Etini Willie

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Heatman

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uptrendfinancialsignal

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IB D

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Heatman

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henrytuedor

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Bisolami

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King Belieal

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gwolf666

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