Words / E / Business

economies of scope

noun/ɪˌkɒnəmiz əv ˈskəʊp/

C1CEFR level
60/100Rarity: rare
TechnicalRegister

Cost savings gained by producing a range of related products together rather than separately.

Sharing one distribution network across both brands delivered clear economies of scope.

Topic: Operations & supply chain in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More business words: Operations & supply chain