What is the most likely result of a business achieving economies of scale? (A) Greater flexibility (B) Higher sales price per unit (C) Greater efficiencies in production (D) Higher average costs of production - HSC - SSCE Business Studies - Question 15 - 2014 - Paper 1

Achieving economies of scale typically results in greater efficiencies in production due to the ability to spread fixed costs over a larger number of goods. This efficiency can lead to a reduction in the average cost per unit, thereby making it more feasible for businesses to offer competitive pricing or enhance their profit margins. Therefore, option (C) correctly identifies the most likely result of economies of scale.