Examlex
__________ is a government justification for sustaining high levels of defense spending.
Product Specialization
A strategy where a business focuses on the production and development of a particular product or range of products, often to achieve higher levels of efficiency and expertise.
Economies of Scale
Cost advantages obtained due to increased production levels, where the cost per unit of production decreases as the volume produced increases.
Economies of Scope
Cost advantages that a business obtains through the diversification of product lines, enabling more efficient use of resources.
Behavioral Target Marketing
A marketing strategy that uses consumer behavior, including browsing and purchasing history, to tailor advertising and promotions.
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