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.

---

Definitions:

Electronic Payment

Electronic payment refers to a method of making transactions or paying for goods and services through electronic means over the internet, without the use of check or cash.

Wire Transfer

An electronic method of moving funds from one bank or credit institution to another, often used for large transactions.

Top-Level Domain

The highest level in the hierarchical Domain Name System of the Internet, after the root domain. Examples include .com, .org, and .net.

Mobile Devices

Portable electronic devices such as smartphones, tablets, and wearables that offer computing capabilities and connectivity on the go.