When an Organization Shares Resources Across Several Products and Tasks

question 28

Multiple Choice

When an organization shares resources across several products and tasks, it is able to:

• A)achieve economies of scope.
• B)minimize transaction costs.
• C)achieve economies of scale.
• D)maximize transaction costs.

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Definitions:

Traditional Ways

Practices and customs that have been passed down through generations within a culture or community.

Transitional Expression

Words or phrases used to link sentences and paragraphs together, smoothing the flow of writing and guiding the reader's understanding of the text.

Street Skateboarding

A style of skateboarding that involves performing tricks and navigating obstacles in urban environments as opposed to in a skatepark.

Vert Skateboarding

A style of skateboarding that involves riding on a ramp or an incline and performing tricks in the air on the vertical portion of the ramp.