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What is Economies of Scope?

Operation Planning Scope Management Strategic Planning Strategy Building
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Question added by Rajiv Yajnik , Vice Pesident Fmcg & Sugar , EID Parry India Ltd
Date Posted: 2013/12/24
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Amir Mahmoud - CPIM
by Amir Mahmoud - CPIM , Planning Lead , Americana Group

 

An economic theory stating that the average total cost of production decreases as a result of increasing the number of different goods produced.

 

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