A Strategy in Which a Company Exploits Economies of Scale

question 103

Short Answer

A strategy in which a company exploits economies of scale to have the lowest cost structure of any competitor in its industry is called a(n) ________ strategy.

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Definitions:

Competitive

Pertaining to a situation or environment where entities vie against each other to achieve dominance, success, or meet a certain goal.

Latin American Markets

Refers to the economies and trading systems within countries located in Latin America, noting their unique challenges and opportunities.

Managing Employees

The act of overseeing and guiding employees' work and performance to achieve organizational goals.

Human Capital

The collective skills, knowledge, abilities, health, and motivations of individuals that contribute to their economic value in the workforce.