Economies of Scope Can Be Defined As

question 71

Multiple Choice

Economies of scope can be defined as:

• A) competencies that result from the skills of a company's top managers that help every business unit within a company perform at a higher level than it could if it operated as a separate or independent company.
• B) some kind of skill or competency that when shared by two or more business units allows them to operate more effectively and create more value for customers.
• C) the process of taking a distinctive competency developed by a business unit in one industry and implanting it in a business unit operating in another industry.
• D) the process of taking a distinctive competency developed by a business unit in one industry and using it to create a new business unit in a different industry.
• E) the synergies that arise when one or more of a diversified company's business units are able to lower costs or increase differentiation because they can more effectively pool, share, and utilize expensive resources or capabilities.

---

Definitions:

Observation

The action or process of closely monitoring or noting phenomena to gather data or draw conclusions.

Social Workers

Professionally trained individuals dedicated to assisting people in overcoming challenges and improving their well-being through various interventions and supports.

Assessments

The act of evaluating or estimating the nature, ability, or quality of someone or something.

Culturally Competent Assessment

An evaluation process that is informed by and respectful of the cultural histories, traditions, values, and family systems of individuals being assessed.