Economies of Scope Differ from Economies of Scale in That

question 27

Multiple Choice

Economies of scope differ from economies of scale in that

• A)scope stems directly from strategic fit along the value chains of related businesses,while scale refers to cost savings that accrue directly from larger-sized operations.
• B)scope refers to strategic fits to be gained outside the value chain,while scale refers to the impact of the value chain on operations.
• C)scope refers to the reach of defined savings within the value chain,while scale refers to the magnitude or size of the operation itself.
• D)scope refers to the possibilities of change,while scale refers to the extent and direction of change.
• E)they 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:

Arousal

A physiological and psychological state of being awake, alert, and engaged, often triggered by sensory stimulation or emotional experiences.

Teratogen

A substance or factor that can cause malformation of an embryo or fetus.

Prenatal Development

The sequence of expanding and developing inside the womb, starting at fertilization and culminating in childbirth.

Prenatal Care

The health care provided to a woman during her pregnancy to ensure the well-being of both mother and baby.