What Is the Difference Between Economies of Scale and Economies

question 133

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) None of these.Scale and scope mean the same thing and the only difference is the extent to which they have some use-value.

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