In the context of the Boston Consulting Group (BCG),the _____ includes all costs associated with a product and implies that the per-unit costs of a product should fall,due to cumulative practice,as production volume increases.
A)growth curve
B)profit curve
C)learning curve
D)experience curve

Question

Quizplus · Accepted Answer

The concept of the learning curve, also known as the experience curve in the context of BCG, is the idea that as production volume increases, per-unit costs of a product should fall due to cumulative learning and practice. This is because workers become more skilled and efficient, and production processes become more streamlined. The other options, growth curve and profit curve, are not directly related to the concept of the learning/experience curve.

In the Context of the Boston Consulting Group (BCG),the _____