A company that produces furniture wax branches out into producing a dusting product called Lemon Dust-Away.This expansion can be called efficient if the company_____

Question

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The expansion can be called efficient if the company experiences economies of scope, which means that the company is able to leverage existing resources and capabilities to create new products or services at a lower cost. In this case, the company's expertise in producing furniture wax can be applied to the production of the Lemon Dust-Away product, resulting in lower costs and higher profits.

A Company That Produces Furniture Wax Branches Out into Producing