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- DictionaryEconomy of scope
- ▪ a proportionate saving gained by producing two or more distinct goods, when the cost of doing so is less than that of producing each separately
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- Economies of scope
Efficiencies formed by variety of products or services offered
Economies of scope are "efficiencies formed by variety, not volume" (the latter concept is "economies of scale"). In economics, "economies" is synonymous with cost savings and "scope" is synonymous with broadening production/services through diversified products. Economies of scope is an economic theory stating that average total cost of production decrease as a result of increasing the number of ... Wikipedia
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