_____ refer to cost savings that come from acquiring knowledge from doing a task.

Question

Quizplus · Accepted Answer

Learning effects refer to the cost savings that come from acquiring knowledge and experience with a specific task over time. As individuals and organizations become more proficient at completing a task, they are able to produce more output with the same inputs or produce the same output with fewer inputs, resulting in lower unit costs.

_____ Refer to Cost Savings That Come from Acquiring Knowledge