Economies of scope typically involve:
A) sharing resources by business units.
B) acquiring resources from outside a company.
C) utilizing resources in limited quantities by specific business units.
D) acquiring resources from another business unit in a company.
E) utilizing resources to develop a new business unit.

Question

Quizplus · Accepted Answer

Economies of scope involve sharing resources by business units, which can lead to cost savings and increased efficiency. This can include sharing production facilities, distribution networks, marketing campaigns, or other resources that can be used by multiple business units within a company. By sharing these resources, companies can avoid duplicating effort and reduce their overall costs.

Economies of Scope Typically Involve