Before Collecting External Secondary Data,it Is Useful to Analyze Internal

question 23

True/False

Before collecting external secondary data,it is useful to analyze internal secondary data.

---

Definitions:

Economies Of Scope

cost advantages that enterprises obtain due to the efficient allocation and utilization of resources across multiple products or services.

Diseconomies Of Scope

A situation in which a company experiences increased costs as a result of increasing the variety of goods or services it produces.

Economies Of Scope

Cost advantages that enterprises obtain due to the efficient production of a wider variety of goods or services together rather than separately.

Long-Run Marginal Cost

The cost of producing one more unit of a product when all production factors are variable.