Cost savings that the firm accrues when it successfully shar

Cost savings that the firm accrues when it successfully shares some of its resources and activities or some of its core competencies between its businesses are called

core economies.

economies of competence.

economies of scope.

economies of scale.

Solution

Ans : C Economies of scope.

Economies of scope :  refers to lowering average cost for a firm in producing two or more products. And
cost savings the firm accrues when it successfully shares some of its resources and activities between its businesses or transfers corporate-level core competencies into its businesses.