economies of scope - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “economies of scope”

economies of scope

noun [plural]
 
 
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)
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