An economy of scope is BEST illustrated by being able to eliminate or reduce costs by
A. having more value chain activities performed in-house rather than outsourcing them.
B. combining related value-chain activities of different businesses into a single operation.
C. performing all of the value chain activities of related sister businesses at the same location.
D. expanding the size of a company's manufacturing plants.
E. extending the firm's scope of operations over a wider geographic area.
Answer: B
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