Companies pursuing a learning curve strategy must increase
A) employee training
B) costs
C) quality
D) volume
E) all of the above

Question

Quizplus · Accepted Answer

A learning curve strategy focuses on reducing costs over time by increasing production volume. As volume increases, companies benefit from economies of scale and improved process efficiency. Therefore, the primary factor that must be increased is volume, which will lead to cost reduction. The other options may also be important, but they are not necessarily central to a learning curve strategy.

Companies Pursuing a Learning Curve Strategy Must Increase