Examlex
Fermentation requires _____.
Vertical Merger
The combination of two or more companies that operate at different levels within the same supply chain or industry.
Consolidation
The joining of two or more organizations to form a new organization.
Economy-of-Scope
Economic efficiencies derived from variety, rather than volume, where producing a wider range of products can lead to lower average costs.
Economies of Scale
The cost advantage achieved when production becomes efficient, as the scale of the operation grows and the cost per unit of output decreases.
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