The business term for economies of scope is

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Economies of scope refer to the cost savings that occur when a company produces multiple products or services together or conducts related business activities. These cost savings are often achieved through synergies, such as shared resources or knowledge, and therefore the best term for economies of scope is D, synergies. A is incorrect because economies of scale refer to cost savings that occur when a company produces more of a single product or service. B is incorrect because diversification refers to a company expanding into different industries or markets. C is incorrect because cooperation refers to collaboration between separate entities, rather than cost savings within a single company.

The Business Term for Economies of Scope Is