The scenario above that describes Blaze Corp's strategy is best known as Economies of Scope.
Economies of Scope:
- Refers to producing multiple goods in order to make savings on costs
- Is possible when the cost of producing multiple goods is less than the cost of producing those goods individually
Blaze Corp. is selling both car and car accessories and as such, is making cost savings on research costs. This is therefore economies of scope because savings are being made by producing multiple goods.
In conclusion, this scenario best shows economies of scope.
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The answer is: <u> master limited partnership ; or, "MLP" </u><u /> .
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The answer to the question is "MATRIX Structure".
The Matrix structure is a structure when the organization needs a stronger horizontal alignment or cooperation to meet goals, functionally designed organizations should adopt this structure. This type of structure is a combination of functional and divisional chains.
