Economies of Scope Are Cost Savings Resulting from a Firm

question 4

True/False

Economies of scope are cost savings resulting from a firm successfully leveraging, either through sharing or transferring, some of its capabilities and competencies developed in one business to another business.

---

Definitions:

Twin-study Method

A research design used to estimate the genetic and environmental influences on phenotypes by comparing the resemblance between monozygotic and dizygotic twins.

Adoption Studies

Research methods used in behavioral genetics, comparing similarities between adopted children and their adoptive and biological parents to understand the influence of genetics versus environment.

Genetic Influence

The impact that genes inherited from parents have on traits, behaviors, and the likelihood of developing certain conditions or diseases.

Personality

A unique set of emotional, thought, and behavioral patterns that define an individual’s personal style of interacting with the physical and social environment.