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.

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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.

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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.

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economy of scale critical mass