Economies of scope
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Economies of scope is the cost savings developed by a group when it shares activities or transfers capabilities and competencies from one part of the group to another – for example, two products sharing the same sales team. See also Economies of scale.
Definitions
According to the Corporate Strategy by Lynch (4th edition),
- Economies of scope. The cost savings developed by a group when it shares activities or transfers capabilities and competencies from one part of the group to another – for example, two products sharing the same sales team. See also Economies of scale.
