economies of scope

noun [plural] ECONOMICS, PRODUCTION

Definition

› the reduction of costs that is the result of sharing resources, processes, and skills in producing a larger range of products: Economies of scope only benefit companies who are also willing to manage the risk of added complexity.

(Definition of economies of scope noun from the Cambridge Business English Dictionary © Cambridge University Press)

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economic value noun
economical adjective
economically adverb
economics noun
economies of scale noun
economies of scope noun
economist noun
economize verb
economy class noun
economy drive noun
economy noun

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