An economy of scope is BEST illustrated by being able to eliminate or reduce costs by
A) combining related value-chain activities of different businesses into a single operation.
B) performing all of the value chain activities of related sister businesses at the same location.
C) extending the firm's scope of operations over a wider geographic area.
D) expanding the size of a company's manufacturing plants.
E) having more value chain activities performed in-house rather than outsourcing them.
Correct Answer:
Verified
Q25: Tanisha is CEO of a multinational corporate
Q26: Unrelated businesses
A)sell products from the different businesses
Q27: What is the difference between economies of
Q28: Related corporate diversification does not necessarily provide
Q29: The big dilemma an acquisition-minded firm faces
Q31: When discussing "economies of scope," it involves
Q32: Economies of scope
A)are cost reductions that flow
Q33: The essential requirement for different businesses to
Q34: What is the name of the process
Q35: By cutting back operations to match areas
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