The Basic Types of Operational Economies Through Which Firms Seek

question 58

Multiple Choice

The basic types of operational economies through which firms seek value from economies of scope are:

• A) synergies between internal and external capital markets.
• B) the leveraging of individual tangible resources.
• C) the sharing of value-chain activities and support functions.
• D) joint ventures and outsourcing.

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Definitions:

Marginal Utility

Marginal utility refers to the additional satisfaction or utility that a consumer gains from consuming one more unit of a good or service.

Positive

In the context of economics, it can refer to positive statements that are objective and can be tested by looking at the facts.

Negative

Refers to amounts, values, or directions less than zero, often indicating deficit or loss in financial and scientific contexts.

Marginal Utility

The additional satisfaction or utility gained from consuming one more unit of a good or service, which typically decreases with each additional unit consumed.