Which of the following is an important advantage for companies trying to take on large foreign rivals in huge global markets?
A) Low turnover of employees.
B) Economies of scope.
C) Low levels of bureaucracy.
D) A standardized labor force.
E) A centralized set of processes.

Question

Quizplus · Accepted Answer

Size creates economies of scope: materials and processes employed in one product can be used to make other related products. With such advantages, huge companies with lots of money may be the best at taking on large foreign rivals in huge global markets.

Which of the Following Is an Important Advantage for Companies