The Basic Types of Operational Economies Through Which Firms Seek

question 72

Multiple Choice

The basic types of operational economies through which firms seek value from economies of scope are:

• A) buyer and supplier relationships.
• B) concentric diversification and joint ventures.
• C) sharing activities and transferring skills or corporate core competencies.
• D) joint ventures and selling of skills.

---

Definitions:

Government

The governing body of a nation, state, or community, responsible for the direction and administration of public policies, the economy, and public services.

New Businesses

Entrepreneurial ventures that involve the inception and operation of new enterprise initiatives, targeting unique market opportunities.

Five-Year Mark

A significant milestone indicating the completion of five years of operation, often used to assess a business's early success or growth.

Commercial Banks

Financial institutions that offer a wide range of banking services to individuals and businesses, including deposit accounts, loans, and other financial products.