Solved

The Key Difference Between Economies of Scale and Economies of Scope

Question 11

Multiple Choice

The key difference between economies of scale and economies of scope:


A) Economies of scale relate to manufacturing activities;economies of scope relate to a wide range of functions
B) Economies of scale relate to expanding the output of a single product;economies of scope relate to expansion across multiple products
C) There is no practical difference
D) Scale economies are relevant to business strategy;economies of scope to corporate strategy.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions