With the advantage of __________,huge companies with lots of money may be the best at taking on large foreign rivals in huge global markets.

Question

Quizplus · Accepted Answer

Economies of scope refer to the cost advantages that come from offering a variety of goods or services. Large companies with lots of money can take advantage of these economies of scope to compete with foreign rivals in huge global markets. By offering a wider range of products or services, they may be able to capture a larger share of the market and achieve economies of scale, which can reduce costs and increase profits.

With the Advantage of __________,Huge Companies with Lots of Money