Speak to Win  | Book Series

Overview:

The ability to speak with confidence and deliver winning presentations can accelerate your career, earn people’s great respect, and enable you to achieve your greatest-even most impossible-seeming goals. But what many people don’t realize is that anyone can learn to be a great speaker, just as easily as they can learn to drive a car or ride a bike! As one of the world’s premier speakers and personal success experts, Brian Tracy is the ideal instructor. In Speak to Win, Tracy reveals time-tested tricks of the trade that readers can use to present powerfully and speak persuasively, whether in an informal meeting or in front of a large audience. Readers will learn how to: * become confident, positive, and relaxed in front of any audience * grab people’s attention from the start * use body language, props, and vocal techniques to keep listeners engaged * transition smoothly from one point to the next * use humor, stories, quotes, and questions skillfully * deal with skepticism when presenting new ideas * wrap up strongly and persuasively Brimming with unbeatable strategies for winning people over every time, Tracy lets readers in on his most powerful presentation secrets in this indispensable, life-changing guide.

Authors:

Brian Tracy

Published In:

31 January  2018

 

Economies of scale | Glossary

Definition:

In microeconomics, economies of scale are the cost advantages that enterprises obtain due to their scale of operation (typically measured by amount of output produced), with cost per unit of output decreasing with increasing scale. (In economics, “scale” is synonymous with quantity.)

Economies of scale apply to a variety of organizational and business situations and at various levels, such as a business or manufacturing unit, plant or an entire enterprise. When average costs start falling as output increases, then economies of scale are occurring. If a firm’s marginal cost of producing a good or service is beneath its average cost of producing that good or service, then the firm is experiencing economies of scale. Some economies of scale, such as capital cost of manufacturing facilities and friction loss of transportation and industrial equipment, have a physical or engineering basis.

Another source of scale economies is the possibility of purchasing inputs at a lower per-unit cost when they are purchased in large quantities.

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Further Reading:  Zero to One by Peter Theil.