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Galveston Machinery produces large quantities of its component parts for the oil and gas industry in Galveston, Texas. The company then ships the parts to

Galveston Machinery produces large quantities of its component parts for the oil and gas industry in Galveston, Texas. The company then ships the parts to its customers worldwide. The savings from producing in one location more than offset the added cost of transporting the parts to customers. This is an example of ______. Multiple choice question. logistics efficiency economies of scale purchasing power parity JIT inventory

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