Is It Possible to Benefit from Economies of Scope and Economies

question 46

Multiple Choice

Is it possible to benefit from economies of scope and economies of scale simultaneously?

• A)Yes, although in practice one is likely to be more important than the other in a specific firm
• B)Theoretically yes, but the organization would need to be larger than any in existence today
• C)Yes, but you have to achieve one first, then the other
• D)No. They are mutually exclusive

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Definitions:

Social Therapists

professionals who use therapeutic techniques within a social framework to improve individuals' mental health and interpersonal relationships by focusing on social dynamics and support systems.

Business Managers

Individuals responsible for overseeing and directing the operations within a business to meet its goals.

Psychological Disorders

Mental disorders comprising various psychological symptoms that cause significant distress or impairment in social, occupational, or other important activities.

Community Programs

Organized efforts within a community designed to promote the health, well-being, and societal integration of its members.