The ____ states that the cost of doing any repetitive task, work activity or project decreases as the accumulated experience of doing the job increases.
A)Learning curve
B)Experience curve
C)Deming philosophy
D)Regression method

Question

Quizplus · Accepted Answer

The statement describes the experience curve, which is a concept developed by the Boston Consulting Group that asserts that the more experience a company has in producing a particular product or service, the more efficient the production process and cost savings become. The learning curve is a similar concept but focuses on individual productivity rather than cumulative company experience. The Deming philosophy is a quality management approach, and the regression method is a statistical analysis technique.

The ____ States That the Cost of Doing Any Repetitive