Which of the following are ways that media companies maximize profit?

Question

Quizplus · Accepted Answer

All of the above options are ways in which media companies can maximize profit. Increasing revenue streams can be achieved by diversifying the types of media produced and expanding the distribution channels. Reducing expenses through economies of scale can be achieved by consolidating operations and utilizing resources more efficiently. Capitalizing on economies of scope involves utilizing existing resources and capabilities to produce multiple types of products or services.

Which of the Following Are Ways That Media Companies Maximize