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Efficiency and Size
Growth of the Firm
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advertising allocation alternative and/or assets average balance bigger buyers cartel cash cent competition consumer cost accounting cost of capital cost per unit debentures decisions demand depends depreciation charge discounted diversification earnings economies economies of scale efficient elasticity equipment estimated example expensive factor finance firm's fixed costs funds future higher historical cost important income increase incremental cost indivisible industry innovation investment labour large firm less loan machine managerial manufacture marginal method Monopolies Commission one's operations opportunity cost optimum organisation overhead particular payback period payment period plant possible present value price-cut public companies rate of return raw materials reason reduce resale price maintenance revenue rise selling shareholders shares shift-working small firms specialisation specific programmed costs standard stocks supply technical tion total cost unit of output variable cost worker