Menu
Forums
New posts
Search forums
What's new
New posts
New media
New media comments
New profile posts
Latest activity
Media
New media
New comments
Search media
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
What's new
Search
Search
Search titles and first posts only
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Forums
Cattle Boards
Beginners Board
More cattle =more profit?
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Help Support CattleToday:
Message
<blockquote data-quote="Running Arrow Bill" data-source="post: 73009" data-attributes="member: 9"><p>"Economy of Scale" is where one's business expands to the point that all resources (employees, facilities, equipment) are being used to the max in an efficient manner, thereby lowering the "unit of production" cost for each item being produced. Once the business expansion crosses that line of efficiency, then additional resources must be purchased or obtained in order to properly manage the additional units of production.</p><p></p><p>Then...the acquisition of those additional resources sharply cuts into the profit margin of the overall operation until the economy of scale level is again reached.</p><p></p><p>On a sidebar, there is the time-honored law for employees: The Peter Principle--"In an organization an individual rises to their level of incompetence" (a/k/a reaching a Plateau in their career where they can't advance any further in position or compensation).</p></blockquote><p></p>
[QUOTE="Running Arrow Bill, post: 73009, member: 9"] "Economy of Scale" is where one's business expands to the point that all resources (employees, facilities, equipment) are being used to the max in an efficient manner, thereby lowering the "unit of production" cost for each item being produced. Once the business expansion crosses that line of efficiency, then additional resources must be purchased or obtained in order to properly manage the additional units of production. Then...the acquisition of those additional resources sharply cuts into the profit margin of the overall operation until the economy of scale level is again reached. On a sidebar, there is the time-honored law for employees: The Peter Principle--"In an organization an individual rises to their level of incompetence" (a/k/a reaching a Plateau in their career where they can't advance any further in position or compensation). [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
Cattle Boards
Beginners Board
More cattle =more profit?
Top