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A lack of scale means ICF’s cost per unit of output is very high. Increasing volume, while maintain quality, would help reduce those costs… … "Lack of Scale (ICF)" has a significant impact, so an analyst should put more weight into it. This qualitative factor will lead to an increase in costs. "Lack of Scale (ICF)" is a difficult qualitative factor to overcome, so the investment will have to spend a lot of time trying to overcome this issue.