Cost Savings That the Firm Accrues When It Successfully Shares

question 15

Multiple Choice

Cost savings that the firm accrues when it successfully shares some of its resources and activities or some of its core competencies between its businesses are called

• A) core economies.
• B) economies of competence.
• C) economies of scope.
• D) economies of scale.

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Definitions:

Indirect

A method or approach that is not straightforward or direct, often involving secondary or alternative means to achieve an end.

Evasion

The act of avoiding something undesired, such as responsibilities, questions, or physical obstacles, often through skill or deceit.

Bilateral

Involving two sides or parties, often referring to agreements, communications, or relationships that involve direct interaction between two individuals or groups.

Persuasion

The act or process of influencing someone's thoughts, beliefs, or actions through argument, reasoning, or appeal.