Cost-Minimization Strategies Force MNEs to Establish Economies of Scale in Manufacturing

question 56

True/False

Cost-minimization strategies force MNEs to establish economies of scale in manufacturing.

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Definitions:

Efficient

Pertaining to a system or process that operates in a way that maximizes output with minimal waste, effort, or expense.

Resources

Assets, materials, and inputs needed for the production of goods and services, including natural resources, human resources, and capital.

Society Wants

The collective desires and needs of a society or community.

Creative Destruction

An economic concept where innovation destroys old products, services, or processes to make way for new ones, driving economic development.