Which of the Following Can Lead to a Firm Being

question 12

Multiple Choice

Which of the following can lead to a firm being more efficient that a market? A firm can have I. economies of scale.
II) economies of scope.
III) lower transactions costs.

• A) III only
• B) I and II
• C) II and III
• D) I, II and III

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Definitions:

Employee Referrals

A hiring method where existing employees recommend candidates for open positions within the organization, often rewarded with bonuses.

Executive Search Firms

Companies specializing in recruiting high-level executives and professionals for other companies and organizations.

High Turnover

A situation where an organization or industry experiences a high rate of employees leaving and needing to be replaced within a certain period.

Strategic Competitiveness

The ability of an organization to formulate and implement strategies that secure a sustainable competitive advantage in the market.