Which of the following is a factor in the cost position that helps determine business strength?

Question

Quizplus · Accepted Answer

Economies of scale can help a business achieve lower average costs per unit of production, which can give them a cost advantage over competitors and improve their overall business strength. Delivery times, manufacturing flexibility, and brand awareness may also be important factors in business strategy and competitiveness, but they are not directly tied to cost position.

Which of the Following Is a Factor in the Cost