________ Are Similar to Economies of Scale, Except the Advantage

question 24

Multiple Choice

________ are similar to economies of scale, except the advantage comes through the scope (or range) of a firm's operations rather than from its scale of production.

• A) Economies of reach
• B) Economies of span
• C) Economies of capacity
• D) Economies of range
• E) Economies of scope

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Definitions:

Receptivity

The willingness or readiness to accept or be open to ideas, suggestions, or changes.

Intuition

An understanding or insight gained without the need for conscious reasoning.

Possibilities

Various opportunities or prospects that are available or could be available in the future.

Situation

The set of circumstances and conditions affecting the way in which a task, action, or idea is to be executed or considered.