Selecting the kind of production that is best for the company is driven by the firm's business strategy.

Question

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The choice of production process is heavily influenced by a company's business strategy. Different strategies will prioritize different production methods that align with their overall goals and objectives. For example, companies pursuing a cost leadership strategy may focus on producing goods in large quantities at a low cost, while companies pursuing a differentiation strategy may prioritize producing highly customized or unique products even if it is more expensive.

Selecting the Kind of Production That Is Best for the Company