________________refers to the ability of a financial conglomerate to offer several financial services under one roof.

Question

Quizplus · Accepted Answer

Economies of scope refers to the ability of a financial conglomerate to offer several financial services under one roof. This approach helps the conglomerate to reduce costs, improve efficiency, and increase revenue by cross-selling services to the same customers. Economies of scale refer to the cost advantage that arises when an organization increases its production or output. Gains from bigness refer to the benefits that a firm gets from size, such as pricing power and access to capital. Diversification refers to the practice of spreading investments across different assets or types of investments to reduce risk.

________________Refers to the Ability of a Financial Conglomerate to Offer