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economy
(redirected from Economies of scope)

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By moving into related markets, it is possible for a firm to utilize its excess capacity to achieve both economies of scale and economies of scope (Teece, 1980, 1982).
No economy of scope or pressure to refer By not having economies of scope (different ancillary procedures within her office), she may lose out on income generated by internal referrals.
For example, economies of scale usually associated with mass production may be less relevant when a company adopts a just-in-time (JIT) approach and seeks economies of scope through smaller machines that can handle a range of products.
 
 
 
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