What are the economies of scale and economies of scope

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1. What are the economies of scale and economies of scope and why are these important to entrepreneurial firms?

2. Discuss the factors to consider when assessing the primary activities of Porter's value chain model using an example of an organisation you are familiar with.

3. What is a market penetration strategy? Provide an example of a market penetration strategy, and describe how using it effectively might increase a firm’s sales.

Reference no: EM132198231

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