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

When a business achieves economies of scale, it typically means that as the production volume increases, the per-unit cost of production decreases. This is primarily due to operational efficiencies that arise from larger-scale operations, such as better utilization of resources, specialization of labor, and bulk purchasing of materials.

Thus, option (C), 'Greater efficiencies in production,' is the most likely outcome of achieving economies of scale, as it highlights the reduction in costs and improvements in productivity associated with increased production levels.