Because new ventures typically are small, they usually do not have high economies of scale relative to competitors.

Name: Because new ventures typically are small, they usually do not have high economies of scale relative to competitors.
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Because new ventures typically are small, they usually do not have high economies of scale relative to competitors. This means that new firms must seek a different approach, if they wish to pursue a cost-leadership strategy.

Because New Ventures Typically Are Small, They Usually Do Not