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:

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often accompanied by a disregard for other cultures.

Monochronic

A cultural attitude towards time that emphasizes doing one thing at a time, punctuality, and a linear sense of how time flows.

Edward Hall

An American anthropologist known for his work in the field of intercultural communication, including the concepts of high-context and low-context cultures.

Polychronic

Refers to a cultural attitude towards time management that values multitasking and flexible scheduling.