Firms that produce only a small number of products tend to have

Name: Firms that produce only a small number of products tend to have
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Firms that produce only a small number of products tend to have fewer but larger manufacturing facilities. This is because having more and larger manufacturing facilities would not be cost-effective due to low production levels. A few large facilities can specialize in producing the limited number of products efficiently and effectively.

Firms That Produce Only a Small Number of Products Tend