Which of the Following Is a Suitable Description of the Term

question 49

Multiple Choice

Which of the following is a suitable description of the term 'economies of scope'?

• A) The use of several inputs to produce one common output.
• B) The ability to generate cost savings by producing more than one output with the same inputs.
• C) The ability to lower average operating costs by expanding the number of outputs.
• D) The ability to lower average operating costs by lowering the number of outputs.

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Definitions:

Listening

The active process of receiving, constructing meaning from, and responding to spoken and/or nonverbal messages.

Interpreting

The process of understanding and explaining the meaning of information or data, often within the context of language translation or data analysis.

Responding

The act of replying or reacting to something that has been said, done, or experienced.

Good Dressing Sense

The ability to choose clothing that is appropriate, stylish, and flattering.