The Key Concepts of Economies of Scope, Resources and Capabilities

question 69

Multiple Choice

The key concepts of economies of scope, resources and capabilities, transaction costs, and cost and complexity are:

• A)Common to vertical, geographical, and product scope
• B)Common concepts used in micro-economics
• C)Concepts used in the Porter's five forces model of competition
• D)Different, but have relationships related to the risk they entail

---

Definitions:

Observable Behavior

Actions or reactions of an individual that can be directly seen and measured.

American Psychologists

Professionals based in the United States specializing in the study of cognitive, emotional, and social processes and behavior by observing, interpreting, and recording how individuals relate to one another and their environments.

John B. Watson

An American psychologist who is considered one of the founders of behaviorism, emphasizing the importance of observable behaviors over internal states.

Introspective Study

A research approach focusing on the examination of one's own thoughts and feelings.