Which of the Following Business Combinations Likely Exhibit Economies of Scope

question 89

Multiple Choice

Which of the following business combinations likely exhibit economies of scope?

• A) Banking services for individuals and banking services for other business
• B) Retail clothing stores and electronic (internet) clothing sales
• C) Hospitals that perform heart surgery and hospitals that perform cosmetic surgery
• D) all of the above

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Definitions:

Participating

Involvement in a group activity or effort, contributing towards reaching a common goal.

Decision-Making Process

A systematic approach to making choices among various alternatives, often involving steps such as identifying problems, evaluating options, and selecting strategies.

Empowerment Program

Initiatives designed to give individuals more control over their work and the authority to make decisions, increasing engagement and productivity.

Self-Managed Team

A group of employees who are responsible for all aspects of their work, from planning and execution to monitoring their own performance.