"Learning by doing" can result in _____ for a company.
A)unique cost advantages
B)increased product demand
C)higher switching costs
D)lobbying gains

Question

Quizplus · Accepted Answer

"Learning by doing" refers to the process of gaining knowledge and skills through hands-on experience. This can result in unique cost advantages for a company, as they are able to optimize their processes and methods based on their experience. This can lead to more efficient and cost-effective operations, which can in turn give the company a competitive edge. Increased product demand and higher switching costs are not necessarily direct results of "learning by doing," and lobbying gains are not related to this concept at all.

"Learning by Doing" Can Result in _____ for a Company