Other Things Being Equal,when Fixed Costs Are Substantial,the Minimum Efficient

question 98

True/False

Other things being equal,when fixed costs are substantial,the minimum efficient scale of production is high,and/or flexible manufacturing technologies are available,the arguments for concentrating production at a few choice locations are strong.

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Definitions:

Existence

The state or fact of living or being present in a certain context or environment.

Survival

The ability of an entity, whether an organism or an organization, to continue to live or exist over time, often overcoming challenges and adapting to its environment.

Establishing Business

The process of starting a new company or venture, including planning, making key financial decisions, and completing legal activities required for operation.

Getting Customers

The process of attracting and acquiring individuals or businesses to purchase goods or services.