Question: please answer thr questons Question 1.6.1 Small versus large Businesses come in all different sizes. For example: - A vast number of sole traders only
please answer thr questons
Question 1.6.1 Small versus large Businesses come in all different sizes. For example: - A vast number of sole traders only supply a limited number of products. - Airbus and Boeing manufacture commercial aircraft for airline companies only. - Ferrari and Rolex supply luxury goods to a relatively small consumer market. - Ford, General Motors and Toyota mass produce their cars. - Samsung, Apple and HTC collectively produce billions of mobile phones. - Burger King, KFC and McDonald's have outlets throughout the world. - Microsoft supplies computer software for over 90% of the world's personal computers. 5ome businesses prefer to stay small. Rolex and Ferrari, for example, deliberately limit growth in their operations. Other: such as McDonald's and Toyota, continually strive for expansion. (a) Explain two circumstances when economies of scale might not actually benefit customers. [4 marks] (b) Explain why economies of scale might be inappropriate, undesirable or inaccessible for certain businesses [4 marks] (c) If economies of scale are so important, examine the reasons why so many small firms continue to survive and thrive [6 marks] (d) To what extent do large businesses operate in the best interests of the general public? [8 marks]
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