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Business
International Business Study Set 5
Quiz 13: The Strategy of International Business
Cost Savings That Come from Learning by Doing Are Known
Question 20
True False
Cost savings that come from learning by doing are known as economies of scale.
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Related questions
Q 21
Learning effects tend to be more significant when a technologically simple task is repeated.
Q 22
One of the sources of economies of scale is the ability to spread fixed costs over a large volume.
Q 23
Moving up the experience curve allows a firm to reduce its cost of creating value and increase its profitability.
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