An office management firm has developed a system for efficiently organizing small medical and dental practices both through proprietary software and through unique training programs for staff.It has recently acquired a firm specializing in providing management services for veterinary practices.The office management firm is hoping to:
A) achieve economies of scope.
B) implement vertical integration.
C) achieve financial economies through an unrelated acquisition.
D) acquire specialized talent from the veterinary management company.

Question

Quizplus · Accepted Answer

The office management firm is aiming to achieve economies of scope by expanding its services to include veterinary practices, leveraging its existing systems and training programs across different types of medical practices.

An Office Management Firm Has Developed a System for Efficiently