What does the scope of the firm refer to?

Question

Quizplus · Accepted Answer

The scope of the firm refers to the range of activities the firm performs internally and the breadth of its product offerings. It encompasses the different business areas in which an organization operates, the markets it serves, and the types of products or services it provides.

Answer: A, B, C, and E are not correct
 A refers only to the external activities, while the scope of the firm also includes internal activities. B is related to location strategy, which may be a part of the scope, but not the entire concept. C refers only to vertical integration strategy, which is a part of the broader scope but not the whole picture. E does not relate to the scope of the firm but rather to protectionism.

What Does the Scope of the Firm Refer To