The experience curve is a factor central to an overall cost leadership strategy and refers to how business learns to increase costs as it gains experience with production processes.

Name: The experience curve is a factor central to an overall cost leadership strategy and refers to how business learns to increase costs as it gains experience with production processes.
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Question

Quizplus · Accepted Answer

The experience curve is the decline in unit costs of production as cumulative output increases.

The Experience Curve Is a Factor Central to an Overall