Learning Effects Are Cost Savings That Result From

question 72

Multiple Choice

Learning effects are cost savings that result from:

• A) automation.
• B) knowledge acquired by doing.
• C) sound product planning tactics.
• D) diseconomies of scale.
• E) outsourcing.

Grasp the characteristics and strategic implications of different categories within the BCG matrix.

Identify the role of portfolio analysis in corporate strategy.

Understand the concept and benefits of a product platform strategy.

Distinguish between exploratory and other research techniques in terms of scale, structure, and cost.

---

Definitions:

Industry Market Structure

Refers to the organization and characteristics of a particular market, including the number and size of firms, and the level of competition.

Imperfectly Competitive Markets

Markets in which individual sellers have some control over the price due to product differentiation, barriers to entry, or other factors, unlike in perfect competition.

Competition

Economic rivalry among businesses fighting for the same customers or markets, characterized by the struggle to attract customers, lower costs, and improve products and services.

Market Power

Refers to the ability of a company or firm to raise and maintain prices above the level that would prevail under competition.