As a firm gets more experience,it can often work with fewer mistakes and greater efficiencies,thereby lowering costs.This leads to the cost benefit of _____.
A) personalization
B) scope savings
C) learning
D) altruism

Question

Quizplus · Accepted Answer

The statement mentions that as a firm gains more experience, it can work with fewer mistakes and greater efficiency, which is known as learning. This ultimately leads to lower costs, which is the cost benefit of learning. Therefore, the correct answer is C.

As a Firm Gets More Experience,it Can Often Work with Fewer