Economies of scale and scope,Įxperience effects, and exploiting differences in factor costs for product development, manufacturing, and sourcing in different parts of the world will assume a greater importance asĭeterminants of global strategy. The globalization of customer needs and the opportunities for scale and standardization it brings will fundamentally alter the economics of many industries. Available under Creative Commons-NonCommercial-ShareAlike 4.0 International License.
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