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    Culinary, Hospitality, Travel & Tourism
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    Hospitality Strategic Management
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    Exam 5: Strategy Formulation at the Business-Unit Level
  5. Question
    In Some Industries Production Costs Per Unit Are Less in a Large
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In Some Industries Production Costs Per Unit Are Less in a Large

Question 3

Question 3

Multiple Choice

In some industries production costs per unit are less in a large facility than in a small facility. This concept is called _____.


A) high capacity utilization
B) economies of technology
C) outsourcing
D) economies of scale
E) learning effects

Correct Answer:

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