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Production Economies
Advantages that result from efficiency improvements in the production process, often achieved through increased scale, technology advancements, or optimized resource allocation.
Demand Aggregation
A strategy that combines product or service demands from different sources to get better prices or terms from suppliers.
Offshoring
The practice of relocating business processes or production to another country to reduce costs or take advantage of favorable conditions.
Production Facility
A place equipped with the necessary equipment and machinery for the manufacture of products.
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