Which of the following statement is true about learning curves?
A) There are substantial differences in the rates at which organizations learn.
B) The learning rate is impervious to organizational factors.
C) The learning curve is a function of number of units sold.
D) The learning curve has a specific performance measure, i.e., total cost per unit.

Question

Quizplus · Accepted Answer

Learning curves can vary greatly among organizations due to differences in factors such as prior knowledge and experience, organizational culture, and the level of investment in training and development. The learning rate is not impervious to organizational factors, and the learning curve may be influenced by the number of units sold, but it is not solely determined by this factor. The learning curve does have a specific performance measure, which is typically the reduction in unit cost as production experience accumulates.

Which of the Following Statement Is True About Learning Curves