Increasing the efficiency of necessary activities by using economies of scale is known as?

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08-09-2022
Business

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Increasing the efficiency of necessary activities by using economies of scale is known as?

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Tutorconsortium217 Tutorconsortium217 · Answer 1 · 2022-09-13T04:22:34+02:00

Increasing the efficiency of necessary activities by using economies of scale is known as activity sharing.

Activity Sharing refers to the concept of using economies of scale in order to increase the efficiency and effectiveness of necessary activities.

What do you mean by activity sharing?

Activity sharing is a strategy that aims to increase the efficiency of necessary activities by using economies of scale. This means that businesses can share resources, such as workers or equipment, in order to achieve an increased level of productivity.

By sharing resources, companies can reduce costs and increase their profits. The key to success with activity sharing is ensuring that everyone involved understands and agrees upon the specific tasks that will be shared and how they will be conducted.

If you're interested in using this approach to improve your business' efficiency, there are a number of things you should consider. First, make sure all members of your team are aware of the company's mission and vision. Next, identify any areas where centralized control or decision-making would hinder teamwork or cause confusion among employees.

To learn more about activity sharing, visit:

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