Meaning of “economies of scope” in the English Dictionary

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"economies of scope" in Business English

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economies of scopenoun [ plural ]

uk us ECONOMICS, PRODUCTION

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” from the Cambridge Business English Dictionary © Cambridge University Press)