The simpler the product, the more pronounced the learning rate.

Name: The simpler the product, the more pronounced the learning rate.
Brand: Quizplus
Rating: 4.8 (30 reviews)

Question

Quizplus · Accepted Answer

The learning rate refers to the speed at which production costs decrease as a result of gaining experience in production. It is not directly related to the simplicity of the product but rather to the cumulative production experience, process improvements, and efficiencies gained over time.

The Simpler the Product, the More Pronounced the Learning Rate