By Expanding the Number of Markets in Which They Compete

question 14

Multiple Choice

By expanding the number of markets in which they compete, firms may be able to enjoy economies of:

• A)scale and learning
• B)advantage
• C)scope
• D)perspective

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Definitions:

CPM Network

Critical Path Method Network; a project management tool that outlines every task necessary to complete a project and the relationships between those tasks, helping identify the longest stretch of dependent activities and the time necessary to complete them.

Project Cost

The total financial resources required to complete a project, encompassing all types of expenses.

PERT

Program Evaluation and Review Technique is a project management tool used to plan, schedule, and control complex projects by analyzing tasks and their time estimates.

Critical Path

The sequence of stages determining the minimum time needed for an operation, project, or process development.