As firms build foreign presences, they acquire economies of scope in building foreign market expertise and extending it across national boundaries

Question

Quizplus · Accepted Answer

Firms that expand internationally can leverage their knowledge and expertise across different markets, achieving economies of scope by applying their understanding of one market to enter and compete in others more effectively. This cross-utilization of knowledge and resources across national boundaries allows firms to operate more efficiently and effectively on a global scale.

As Firms Build Foreign Presences, They Acquire Economies of Scope