Learning effects are cost savings that result from:
A) automation.
B) knowledge acquired by doing.
C) sound product planning tactics.
D) diseconomies of scale.
E) outsourcing.

Question

Quizplus · Accepted Answer

Learning effects refer to the cost savings that result from knowledge and experience gained by doing a specific task repeatedly. As workers become more skilled and efficient, productivity increases, and costs decrease. Therefore, option B, knowledge acquired by doing, is the best choice.

Learning Effects Are Cost Savings That Result From