During the 1970s, cost advantage in large scale manufacturing focused on:
A)Business Process Re-engineering
B)The experience curve
C)The learning curve
D)Economies of scope

Question

Quizplus · Accepted Answer

The experience curve is a graphical representation of the relationship between the cumulative production of a product and the cost of producing that product. The curve shows that as the cumulative production of a product increases, the cost of producing that product decreases. This is due to a number of factors, including learning effects, economies of scale, and process improvements.

During the 1970s, Cost Advantage in Large Scale Manufacturing Focused