Answered

IDNLearn.com offers a collaborative platform for sharing and gaining knowledge. Ask anything and receive thorough, reliable answers from our community of experienced professionals.

State one factor used to differentiate between a large and a small business.

Sagot :

GinnyAnsweridn

Final answer:

The scale of output required to achieve the lowest unit costs is a key factor in differentiating large and small businesses.


Explanation:

One factor that can differentiate between a large and a small business is the scale of output required to achieve the lowest unit costs possible. For example, a large grocery store can benefit from economies of scale by serving a larger customer base, while a small store in a limited market may face challenges in achieving cost efficiencies.


Learn more about Economies of scale here:

https://brainly.com/question/31601710


Thank you for using this platform to share and learn. Keep asking and answering. We appreciate every contribution you make. IDNLearn.com provides the best answers to your questions. Thank you for visiting, and come back soon for more helpful information.