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:

Deficit Needs

According to Maslow's hierarchy of needs, these are the basic requirements for human survival and well-being, such as food, safety, and love, that must be fulfilled before achieving higher-level needs.

Adaptive Coping

Strategies or mechanisms employed to manage internal or external demands that are appraised as stressful or challenging.

Nonadaptive Coping

Strategies or behaviors used to reduce stress that are not effective for dealing with the underlying problem and may be counterproductive or harmful in the long term.

Isolation

The process of separating from others to prevent the spread of infection or for the purpose of solitude.