Wiley & sas business Series

   Economies of Scale  
  The process by which cost per unit of output declines as production scales 
increase. A common driver is the presence of high fi xed costs. 

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   Economies of Scope  
  The process by which cost per unit of outputs declines as diversifi cation 
increases. 
   Enabling Initiative  
  A business analytics initiative focused on creating processes or assets 
needed for a planned growth initiative or to deliver evolutionary effi -
ciency improvements. 
   Enterprise Platform  
  A centralized analytics environment based on a defi ned set of tools that 
supports the entire organization. 
   Enterprise Resource Planning  
  A variety of software-based systems that aim to standardize processes 
and information management within organizations, typically focusing on 
operational processes, including fi nance and accounting, supply chain and 
logistics, inventory management, and resource management.