Select ANY company, which is enjoying economies of scale, economies of scope or both. Explain briefly how this company achieves the economies of scale/scope.
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Select ANY company, which is enjoying economies of scale, economies of scope or both. Explain briefly...
Define ‘economies of scope’ and ‘economies of scale’. Discuss how they are similar. Discuss how they differ. Explain how either could be used to sustain positive economic profits (up to and including a monopolistic position).
1. How does the economies of scope concept differ from the economies of scale concept? 2. Related diversification causes bureaucratic costs to increase more than unrelated diversification. Explain why that is the case.
What is the difference between economies of scale and economies of scope? Suppose Nike’s managers were considering expanding into producing sports beverages. Why might the company decide to do this under the Nike brand name?
What are economies of scale and diseconomies of scale? How are economies of scale different from economies of scope? Summarize the different cost-cutting methods employed by firms in their business. What is unique about the business practices and strategy of the company Li and Fung? Visit their website for more current information at www.lifung.com
2) Determine over wtis any) the following cost functions exhibit maltipro economies of scale. Do the same for economies of scope Multiproduct economies of scale: Economies of scope: Multiproduct economies of scale Economies of scope
First explain what is the difference between an economy of scale and an economy of scope? Then identify a recent merger/acquisition and use it to and explain if the merger/acquisition predominately about gaining economies of scale or economies scope?
Economies of scale, scope, and specialization (and speed) may indeed impose contradictory and conflicting strains on an enterprise. Provide an example of how these drivers could have an impact on large, tertiary care hospitals with multiple specialties? Construct specific examples of how the contradictions of scope, scale, and specialization/speed could play out in the case of a hospital.
3 a) Explain i) the meaning of economies of scale and its relationship to the presence of fixed costs in the firm: ii) economies of scope; iii) and learning curve or experience curve effects. (Note: Easier to explain i and it with clearly labelled figures as discussed in the class) b) What the relevance of above concepts to marketing strategy? 3 a) Explain i) the meaning of economies of scale and its relationship to the presence of fixed costs in...
3. Show whether the cost function C (q,+q14-(qiq) exhibits both economies of scope and economies of scale b Derive the bDerive the conditions under which the cost function C(qi.q) 1+(q + g2) exhibits economies of scope. 4 Consider a market in which all firms have the following total cost function C(g)-150+q+0.5q What level of output corresponds to the minimum average total b) cost (minimum efficient scale)? If firms are perfectly competitive, what is the equation of an individual firm's supply...
6. Name a few firms that experience economies of scale at very high levels of output. 7. Name a few firms that experience economies of scale at relatively low levels of output 8. Why does your hometown have only one electricity company? Why aren't utility industries such as water, natural gas, and garbage collection more competitive? How does the concept of economies of scale lead to certain industries being 'natural monopolies? 9. Why don't more companies make jumbo jets? 10....