Industry requires economies of scale (IKEA Group)
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Economies of scale help producers to lower their cost by producing the next unit of output at lower costs. When new competitors enter the market, they will have a higher cost of production, because they have smaller economies of scale. Economies of scale positively affect IKEA Group. … |
Five Forces Analysis Survey |
Threat of New Competitors: Industry requires economies of scale (IKEA Group)
Economies of scale help producers to lower their cost by producing the next unit of output at lower costs. When new competitors enter the market, they will have a higher cost of production, because they have smaller economies of scale. Economies of scale positively affect IKEA Group.
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