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Why are small businesses becoming more involved in international business? What is the simplest way for a small business to globalize?
Economies of Scale
The cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.
Economies of Scope
Cost advantages that enterprises obtain due to a broad range of products rather than specializing in a single product or service, enabling more efficient use of shared resources.
Routing Flexibility
The ability to adjust and optimize the paths that products take from origin to destination in response to changing conditions or requirements.
Work Centers
Specific locations in a manufacturing facility where certain processes or operations are performed.
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