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Explain the difference between and cladistics and phenetics. What are some problems associated with each? How might the Law of Parsimony apply?
Mergers Fail
A situation where the combination of two or more companies into one entity does not achieve the desired outcomes or financial performance.
Economies of Scale
The cost advantage that arises with increased output of a product, where the per-unit cost decreases as production expands.
Economy of Scope
Cost advantages that businesses experience by producing a variety of products rather than specializing in a single output.
Range of Products
The variety of different items that a company offers for sale to its customers.
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