Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please answer ASAP and i will leave thumbs up One of the reasons that big box retailers like Home Depot are able to achieve economies
Please answer ASAP and i will leave thumbs up
One of the reasons that big box retailers like Home Depot are able to achieve economies of scale is that they are able to take advantage of market size and spread investment losses over many locations. they are able to take advantage of physical properties and maximize their scale efficiencies by stocking more merchandise and handling inventory more efficiently. they have been able to protect themselves from the threat of buyer power by increasing input prices. they have both broad and narrow economies of scope Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started