Answered step by step
Verified Expert Solution
Question
1 Approved Answer
What are economies of scope? a . Complex sets of resources and capabilities that link different businesses, primarily through managerial and technological knowledge, experience, and
What are economies of scope?
a Complex sets of resources and capabilities that link different businesses, primarily through managerial and technological knowledge, experience, and expertise
b Cost savings a firm creates by successfully sharing resources and capabilities or transferring one or more corporatelevel core competencies that were developed in one of its businesses to another of its businesses.
c The abilities of a firm to sell its products above the existing competitive level or to reduce the costs below the competitive level of its primary and support activities
d The advantages achieved when a company produces its own inputs or owns its own source of output distribution.
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