The Ability to Use One Resource to Provide Different Products

question 127

Multiple Choice

The ability to use one resource to provide different products and services is

• A)economies of scale.
• B)economies of scope.
• C)diversification.
• D)vertical integration.

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Definitions:

Twins

Siblings born from the same pregnancy, which can be identical (from one egg) or fraternal (from separate eggs).

Genetics

The study of heredity and the variation of inherited characteristics among living organisms.

Biology

is the scientific study of life and living organisms, including their structure, function, growth, evolution, distribution, and taxonomy.

Nonshared Environment

The unique environmental factors that are experienced differently by individuals within the same family, contributing to differences among siblings.