What Is the Difference Between Economies of Scale and Economies

question 37

Multiple Choice

What is the difference between economies of scale and economies of scope?

• A)Scale refers to the magnitude or size of the operation, while scope refers to the reach of defined savings within the value chain.
• B)Scale refers to the extent of change, while scope refers to the possibilities of change.
• C)Scale is about dimensions, while scope is about the capacity available for production capabilities.
• D)Scale refers to cost savings that accrue directly from larger-sized operations, while scope stems directly from strategic fit along the value chains of related businesses.
• E)Scale and scope mean the same thing and the only difference is the extent of cost savings accrued from unrelated businesses in each.

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Definitions:

Grimké-Beecher Debate

A public discussion and exchange of essays in the 1830s between abolitionist sisters Sarah and Angelina Grimké and clergyman Lyman Beecher on the roles of women in anti-slavery activities.

Abolitionist Movement

A historical campaign aimed at ending slavery and the slave trade in the United States and elsewhere.

Antislavery Cause

The movement dedicated to ending the practice of slavery and advocating for the freedom of enslaved individuals.

Feminist Movement

A social and political movement striving for equal rights and opportunities for women in various aspects of society.