A 90% Learning Curve Indicates

question 33

Multiple Choice

A 90% learning curve indicates

• A)a 90% increase in processing time per unit as output doubles.
• B)a 90% decrease in processing time per unit as output doubles.
• C)a 10% increase in processing time per unit as output doubles.
• D)a 10% decrease in processing time per unit as output doubles.

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Definitions:

Glocalization

A business strategy that involves adapting products and services to fit the cultural norms, tastes, and preferences of different local markets while maintaining a global outlook.

Inexpensive Goods

Products that are available at a low cost, making them accessible to a broad range of consumers without compromising on basic quality.

Communication Strategy

A planned approach for how a company communicates with its stakeholders, including customers, employees, and investors, to achieve specific objectives.

Infrastructure Capabilities

The essential facilities and systems serving a country, city, or area, including transportation and communication systems, power plants, and schools necessary for economic function.