Some Medieval Businesspeople and Artisans Protected Themselves from Powerful Local

question 29

Multiple Choice

Some medieval businesspeople and artisans protected themselves from powerful local nobility and clergy by

• A)forming alliances with Muslims.
• B)appealing to the pope for divine help.
• C)forming self-governing communes.
• D)rebelling against the feudal lords.

Understand the concept of economies of scale and economies of scope.

Recognize how vertical and horizontal integration impact a firm's production costs and efficiency.

Identify the benefits of diversification strategies in business.

Identify the role of synergy in increasing the output of combined business efforts.