Cost savings achieved by one company conducting business in two or more areas that would not be achieved by separate companies conducting business in each of those areas
Economies in which materials and processes employed in one product can be used to make other, related products
a situation where average total costs decline when different types of good are produced (chapter 8)
Scope economies exist whenever the same investment can support multiple profitable activities less expensively in combination than separately
Decreases in average total cost made possible by increasing the number of different goods produced
Reductions in cost which arise from producing a number of different products together
Increased business that can be achieved by offering many products in one easy-to-reach location 564