
When a firm has high levels of production, it is often able to purchase and use specialized manufacturing tools that cannot be kept in operation in small firms.
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Q3: Corporate level strategies are actions firms take
Q5: High volumes of production are also associated
Q7: A firm that chooses a cost-leadership business
Q8: There are physical limitations to the size
Q9: Economies of scale are said to exist
Q11: The link between volume of production and
Q12: As the volume of production in a
Q13: The link between cumulative volumes of production
Q14: In general, cost advantages are not possible
Q15: Economies of scale focus on the relationship
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