Question 25\

2.5pts

\ Economies of scope can be defined as:\ The synergies that arise when one or more of a diversified company's business units are able to lower costs or increase differentiation because they can more effectively pool, share, and utilize expensive resources or capabilities.\ The process of taking a distinctive competency developed by a business unit in one industry and using it to create a new business unit in a different industry.\ Some kind of skill or competency that when shared by two or more business units allows them to operate at the same level of efficiency\ Some kind of skill or competency that when shared by two or more business units allows them to operate more effectively and create more value for customers.

Economies of scope can be defined as: The synergies that arise when one or more of a diversified company's business units are able to lower costs or increase differentiation because they can more effectively pool, share, and utilize expensive resources or capabilities. The process of taking a distinctive competency developed by a business unit in one industry and using it to create a new business unit in a different industry. Some kind of skill or competency that when shared by two or more business units allows them to operate at the same level of efficiency Some kind of skill or competency that when shared by two or more business units allows them to operate more effectively and create more value for customers