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24-12-2019
Social Studies

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A group of shoe manufacturing firms purchases raw materials collectively from a single supplier to obtain better deals. This is an example of obtaining competitive advantage by ________.

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Favourazukaego Favourazukaego

24-12-2019

Answer: Economies of scale.

Explanation: this economies of scale helps for more subsidized cost of buying in bulk. Helps for discounts and all. So, firms come together to achieve that economies of scale in order to tap into the benefits of bulk purchases.

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