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Foundation

Economies of Scope

6 minutes (1 section)
Strategy

Course Description

How can companies make the most of their resources?

One essential way to do so is by looking for opportunities to develop economies of scope. By sharing resources, such as departments, technology, equipment, and know-how between businesses, companies can reduce their overall costs and create a competitive advantage over rivals.

Take this course and learn how to look for synergies within a company, and leverage them to reduce costs and increase profits.

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