Standardizing products across markets helps realize economies of scale in manufacturing.

Name: Standardizing products across markets helps realize economies of scale in manufacturing.
Brand: Quizplus
Rating: 4.7 (41 reviews)

Question

Quizplus · Accepted Answer

Standardization allows a company to produce the same product at a larger scale, reducing costs per unit and achieving economies of scale. This can result in lower production costs and higher profits, making it an important strategy for many businesses.

Standardizing Products Across Markets Helps Realize Economies of Scale in Manufacturing