Learning effects and economies of scale underlie the:
A) experience curve
B) tactical range
C) strategic trajectory
D) operational plane
E) competitive advantage

Question

Quizplus · Accepted Answer

The experience curve is based on the premise that the more a firm produces a product or provides a service, the more efficient it becomes. This is due to learning effects and economies of scale. As the firm becomes more experienced, it can reduce costs and improve quality, leading to a competitive advantage.

Learning Effects and Economies of Scale Underlie The