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Economies of Scope
Economies of Scope
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Definitions
Economies of Scope
Economies of Scope
Economics
Cost Efficiency
The benefits and cost savings that arise from engaging in related activities within a business.
Read more about Economies of Scope.
Definitions
Hit-and-Run Entry
Market Entry
Profit
Economies of Scope
Sunk Costs
Entry to a market in the expectation of making an immediate profit, possibly followed by withdrawal, typically occurring without incurring significant sunk costs.
Read more about Hit-and-Run Entry.
Definitions
Joint Production
Economics
Production
Economies of Scope
By-Product
Understanding joint production where linked processes yield different outputs, often reducing costs and leveraging economies of scope.
Read more about Joint Production.
Economics Terms Lexicon
Ultimate Dictionary of Economics and Beyond.
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