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Are liquidation and dissolution the same? Explain your answer.
Economic Scale
Economies of scale, which refer to the cost advantages that enterprises obtain due to size, output, or scale of operation.
Critical Factors
Essential elements or conditions necessary for the success of a business or project.
New Business
A venture that has been recently established, entering the market with fresh offerings of products or services.
Process Layout
An arrangement of resources in a manufacturing or service setting where similar processes or functions are grouped together, which is beneficial for handling a variety of products or services.
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