Q1. Describe the idea of economies of scope?

Q2. Illustrate the measure of economies of scope and describe its importance.

Q3. Describe the idea of the learning curve and state its importance.

Q4. Describe in brief as to why a learning curve is helpful to the firms.

Q5. All products show the learning curve effect. True or false? Validate your answer.

Q6. State whether the presence of excess capacity is essential for exhibiting the economies of scope.

Q7. Describe the idea of economies of scope in purchasing and illustrate its importance.

Q8. Illustrate the measure of economies of scale and scope in the advertising and also state its use.

Q9. Describe the use of economies of scale and scope in R & D?

Q10. Define the term cost reduction strategies. How is it differing from the cost control techniques?