Economies of scope are cost reductions achieved by
A) the production of multiple, related products.
B) the production of large amounts of a single product.
C) limiting the size of the firm.
D) increasing firm size.

Question

Quizplus · Accepted Answer

Economies of scope occur when a company reduces costs by producing multiple, related products, leveraging shared resources or capabilities.

Economies of Scope Are Cost Reductions Achieved by