Meaning Economies of scope
What does Economies of scope mean? Here you find 13 meanings of the word Economies of scope. You can also add a definition of Economies of scope yourself
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Economies of scopeScope economies exist whenever the same investment can support multiple profitable activities less expensively in combination than separately.
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Economies of scopeEconomies of scope exist when it is cheaper to produce two products together (joint production) than to produce them separately.
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Economies of scopeThe property that a firm's average cost falls as it produces a larger number of different products.
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Economies of scopeA production process in which it is cheaper to produce two (or more) products together rather than separately. This property is also termed joint production. For example the production of beef also re [..]
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Economies of scopeDefinition The property that a firm's average cost falls as it produces a larger number of different products.
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Economies of scopeCost savings resulting from increasing the number of different goods or services produced.
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Economies of scopeFactors that make it cheaper to produce a range of commodities rather than to produce each of the individual items on their own. See external economies of scope and internal economies of scope. A cruc [..]
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Economies of scopeis a term that refers to the reduction of per-unit costs through the production of a wider variety of goods or services.
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Economies of scopeEconomies of scope are cost advantages that result when firms provide a variety of products rather than specializing in the production or delivery of a single product or service. Economies of scope al [..]
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Economies of scopewhat exists when it is less expensive to produce two products together than it would be to produce each one separately Efficiency : The allocation of goods to their uses of highest relative value. [..]
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Economies of scopeA production process in which it is cheaper to produce two (or more) products together rather than separately. This property is also termed joint production. For example the production of beef also re [..]
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Economies of scopewhat exists when it is less expensive to produce two products together than it would be to produce each one separately
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Economies of scopeScope economies exist whenever the same investment can support multiple profitable activities less expensively in combination than separately.
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