How to Create Binary Table in MATLAB Elegantly

num_digits = 3;
bit_divisor = 2.^(0:num_digits-1); 
bit = zeros(2^num_digits,num_digits);
for combination = 0 : 2^num_digits - 1,
    for nd = 1:num_digits,
        % just bit shift to right and mask the right-most bit
        bit(combination+1,num_digits-nd+1) = rem(floor(combination/bit_divisor(nd)), 2)
    end                             
end % combination loop