economy of scope


The situation that arises when the cost of performing multiple business functions simultaneously proves more efficient than performing each business function independently.

Use economy of scope in a sentence

You may want to try and figure out the full economy of scope and decide if there is any way to adjust to it.

​ Was this Helpful? YES  NO 9 people found this helpful.

He realized that as his business expanded to several countries, there was definitely an economy of scope in processing the weekly ledgers all at once.

​ Was this Helpful? YES  NO 5 people found this helpful.

After a long trial, there was a definite economy of scope running in our business, and the result was some of the most efficient work that the company had seen in years.

​ Was this Helpful? YES  NO 2 people found this helpful.

Show more usage examples...

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
economy of scale critical mass