Question

The concept that relates to gaining efficiency through the full utilization of dedicated resources, such as people and equipment.

Short answer

Economies of scale

Step-by-step solution

Economies of scale

Economies of scaleare the increased costs that businesses achieve as a result of their size and are often quantified by the volume of output generated.

How economies of scale can be attained

Economies of scale can be attained if the company and its manufacturing units are expanded, it will have a maximum possibility of bringing down its expenses and it can also be achieved when more and more units of items can be manufactured on a wider level with less input used.