When the Value Chains of Two Separate Products or Services

question 90

Multiple Choice

When the value chains of two separate products or services share activities,such as the same marketing channels,in order to reduce costs,this is an example of

• A) economies of scope.
• B) economies of scale.
• C) economies of integration.
• D) economies of learning.
• E) outsourcing.

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Definitions:

Business Fundamentals

Basic principles and practices essential for the successful operation of a business, such as finance, marketing, operations, and management.

Entrepreneurial Success

The achievement of desired goals and outcomes by an entrepreneur, typically measured by factors such as profitability, growth, and sustainability of a business venture.

Entrepreneurial Activities

Initiatives undertaken by individuals to launch, develop, and manage a business venture along with its risks in order to make a profit.

Ethical Business Practices

Ethical Business Practices are actions and policies that are considered morally right and beneficial for society, including fair treatment of employees, transparency, and environmental stewardship.