Experience curve efficiencies refers to
A) having more experienced management team members.
B) expanding your business globally.
C) insights gained by employees that lead to improved work performance.
D) as sales volume expands, businesses can usually find ways to be more efficient.

Question

Quizplus · Accepted Answer

Experience curve efficiencies refer to the phenomenon that as sales volume expands, businesses can usually find ways to be more efficient. This is due to a variety of factors such as improved processes, economies of scale, and increased knowledge and expertise of employees. Therefore, the best choice is D.

Experience Curve Efficiencies Refers to