Identify a True Statement About Economies of Scope

question 16

Multiple Choice

Identify a true statement about economies of scope.

• A)They exist when costs are reduced by increasing the volume of a specific activity.
• B)They exist when costs are reduced by expanding the scope of a company's operations to related activities.
• C)They occur when a company decreases its output below the minimum efficient scale.
• D)They occur when a company increases its output beyond the minimum efficient scale.

---

Definitions:

Psychological Development

The growth and change in an individual's mental functions and behaviors throughout their lifespan.

Hierarchy of Needs Theory

A psychological theory proposed by Abraham Maslow that categorizes human needs into a five-level pyramid, with physiological needs at the bottom and self-actualization at the top.

Process Theories

Theories that focus on understanding how processes occur over time, explaining the sequence of steps that lead to particular outcomes.

Motivation Offer

An incentive or set of incentives provided to improve an individual's or group's willingness and energy to achieve a task or reach a goal.