The statement is true.
The existing network and registered consumer base gives them economies of scale and make them a preference of the consumers any new entrant in the market will have to face a lot of problem in the market i.e. have to incur considerable cost.
Chain shops or more than one store is a retail company composed of or extra retail shops, owned by and operated underneath one management. a chain save is the number of retail shops operating underneath not unusual ownership and management constitute a series.
Inside the enterprise world, a series method a set of shops (typically or greater). They possess the equal call (brand), and cling to comparable company store rules, sell identical products, and often owned by using the same determined economies. Right here, think about Wal-Mart as a series of mass-retail supermarkets.
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<span>The level of maintenance that involves preventive and corrective procedures which are intended to restore equipment to a mission-capable status is the D - level maintenance. The FRC is a place whereby these kind of maintenance is being held. They are the ones who ensure that the transportation vehicle is still capable to operate such as checking their operation systems, maintenance, improvement and sampling.
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Answer:
true, it reduces costs by sharing activities
Explanation:
In this case, since the diversified firm has three different businesses that share common marketing and service operations, it is benefiting from a type of economies of scope called shared activities.
Economies of scope basically refers to saving money when producing two or more goods or services by using common production processes in order to reduce costs. The joint production of the goods or services will cost less than if the company produced each one separately.
This company is benefiting from using shared activities because one single marketing unit and another single operations unit will serve the three separate businesses.
Answer: The chances of occurrence of tail when we toss the coin is 50% which can be explained by the following formula:
Probability = Number of favorable events / # of Total event
Here the number of Total events = 2^3 =8
Number of total events can also be found by following Way:
1. Head, Head, Head
2. Head, Head, Tail
3. Head, Tail, Tail
4. Tail, Tail, Tail
5. Tail, Tail, Head
6. Tail, Head, Head
7. Head, Tail, Head
8. Tail, Head, Tail
This implies
Number of favorable events = 1 & Number of Total events = 8
By putting values:
Probability = 1 / 8 = 12.5%
So the chances of winning $10 is 12.5% whereas loosing $2 is 87.5%.
