Firms can realize cost advantage through lower-cost inputs

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Reference no: EM131470951

1. Would companies engaging in related diversification necessarily produce products or services that are similar to each other? Why? Explain your answer with some examples.

2. Are economies of scale equally important in all industries? Why? Support your answer with at least two different industries.

3. Discuss two approaches that firms can realize a cost advantage through lower-cost inputs.

Reference no: EM131470951

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