
In the ever-evolving world of commerce, savvy entrepreneurs are increasingly recognizing the power of diversification—not only in investments but also in business ownership. Owning multiple businesses can offer a strategic pathway to greater profitability, and one of the primary mechanisms by which this is achieved is through economies of scale. Economies of scale refer to the cost advantages that enterprises obtain due to size, output, or scale of operation, with cost per unit of output generally decreasing with increasing scale. While traditionally associated with the growth of a single business, […]