Examlex
Explain how a prep list helps a chef control waste.
Value Chains
The full range of activities that businesses go through to bring a product or service from conception to delivery to the end user.
Economies of Scope
Cost advantages that a business obtains due to a broader range of operations or production levels.
Horizontal Integration
A strategy where a company acquires or merges with other companies at the same stage of production in its industry, seeking to increase market share.
Market Diversification
The strategy of entering into new markets or creating new products to reduce reliance on a single market or product line.
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