Which of the following best describes a situation in which more people are buying a product,more retailers are wanting to stock the product,and sales of the product are increasing?
A) synergy
B) virtuous circles
C) economies of scope
D) learning curve effects

Question

Quizplus · Accepted Answer

This situation best describes a virtuous circle, in which positive feedback loops lead to increased demand and sales for a product. As more people buy the product, retailers are incentivized to stock it, which in turn leads to even more sales and demand. This creates a self-reinforcing cycle, or virtuous circle, that can continue to drive growth for the product. The other choices are not as applicable to this situation - synergy refers more to the benefits of combining different resources or capabilities, economies of scope relate to the cost advantages of producing multiple products together, and learning curve effects refer to how production efficiency improves with experience.

Which of the Following Best Describes a Situation in Which