Reason 2 export: Reduce your production costs by economies of scaleDec 21, 2022
Expanding your business by exporting to other countries is a smart move, especially if you have excess production capacity.
It's a great way to reduce your production costs and increase your profits. By producing more units, you can take advantage of economies of scale and lower your per-unit cost. This will allow you to reach a larger customer base and increase your revenue.
So, if you're thinking of exporting, I say go for it! Don't miss out on the great opportunities that are out there.
Reducing production costs by economies of scale is a powerful tool that can help your business grow. By producing more units, you can spread your fixed costs over a larger number of products, which will lower your per-unit cost. This will allow you to sell your products at a more competitive price, which will attract more customers and increase your sales. It's a win-win situation for your business.
In conclusion, if you have excess production capacity, exporting is a great way to expand your business and increase your profits. Don't let the fear of the unknown hold you back. Take the plunge and explore the great opportunities that are out there. With the right strategy and mindset, you can achieve great success in the global marketplace.
#2. Reducing production costs by economies of scale
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