To the extent that a firm is able to standardize its products across country borders, use the same or similar production facilities, and coordinate critical resource functions, the more likely it is to achieve optimum economies of scale.

Question

Quizplus · Accepted Answer

By standardizing products, using the same facilities, and coordinating resource functions, a company can reduce duplication of efforts and achieve efficiencies in production, which can lead to lower costs per unit and thus economies of scale.

To the Extent That a Firm Is Able to Standardize