Many companies are operating under the false assumption that diversifying their product lines will automatically lead to cost savings, according to a new study from the University of Surrey. This misconception could be costing firms millions each year, as new findings suggest that traditional methods of evaluating economies of scope are fundamentally flawed. Many companies are operating under the false assumption that diversifying their product lines will automatically lead to cost savings, according to a new study from the University of Surrey. This misconception could be costing firms millions each year, as new findings suggest that traditional methods of evaluating economies of scope are fundamentally flawed. Economics & Business Phys.org – latest science and technology news stories
Outdated assumptions about cost efficiency are costing firms millions, study suggests
