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Match the Terms with Their Correct Descriptions/definitions

question 229

Multiple Choice

Match the terms with their correct descriptions/definitions.
-Creation of an opening into the windpipe


Definitions:

Cost Leadership

A business strategy aimed at achieving the lowest operational costs within an industry to offer lower prices than competitors and thus gain market share.

Lowest-Cost Location

Refers to the geographic location selected for business operations, manufacturing, or logistics based on the criteria of minimal operational and production costs.

Economies of Scale

The cost advantage achieved when production becomes efficient, as the scale of the production increases, the cost per unit of the product decreases.

Total Logistics Cost

The overall expenses associated with the planning, implementing, and controlling of goods’ movement, including transportation, inventory, warehousing, and order processing costs.

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