To maximise its long-run return on invested capital,a firm must establish economies of scale through high-end customisation.

Question

Quizplus · Accepted Answer

While establishing economies of scale can help a firm maximise its return on invested capital, high-end customisation is not necessarily the only way to achieve this. Other strategies such as process improvements, cost-cutting measures, and investments in new technologies can also lead to economies of scale and improve a firm's long-run profitability. Additionally, high-end customisation may not be feasible or profitable for all firms.

To Maximise Its Long-Run Return on Invested Capital,a Firm Must