True or false: Fenner Drives, a Pennsylvania-based company with over 5,500 employees worldwide, is a manufacturer of high-performance alternatives to conventional rubber belts in power transmission applications. Fenner's strategy, capabilities, and creation of value are focused on its core competencies of making belts for engines, power transmissions, and conveyors. One of the company's engineers determined that the raw material for the belts is similar to the filament used in 3D printers. If Fenner creates a new business unit to service the 3D printer market, this would be consistent with a growth strategy that is in turn consistent with economies of scope.

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