Managers Should Not Become Complacent About Efficiency-Based Cost Advantages Because

question 44

Multiple Choice

Managers should not become complacent about efficiency-based cost advantages because:

• A) both learning effects and economics of scale go on forever.
• B) the experience curve is likely to bottom out at some point.
• C) cost advantages gained from experience effects are not affected by the development of new technologies.
• D) unit costs keep reducing as output increases.
• E) the experience curve steadily rises after a certain threshold is reached indicating an increase in unit costs.

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Definitions:

Self-Concept

An individual's perception and understanding of themselves, based on beliefs, feelings, and awareness of personal attributes.

Individual's Behavior

The actions or reactions of a person in response to external or internal stimuli.

Precontemplation Stage

The phase in which an individual is not yet considering change or is unaware of their need for change.

Assessing Motivation

Assessing motivation involves evaluating the driving forces behind an individual's actions, desires, and willingness to achieve goals or undertake tasks.