7-98 Which of the following refers to an FI's ability to generate cost synergies by producing more than one output with the same inputs?

Question

Quizplus · Accepted Answer

Economies of scope refer to the ability of an organization to produce multiple products or services using the same resources or inputs. This allows the organization to generate cost synergies by sharing expenses across different products or services.

7-98 Which of the Following Refers to an FI's Ability