Becoming Better at a Task the More Often You Perform

question 73

Multiple Choice

Becoming better at a task the more often you perform is referred to as:

• A) inherent advantage.
• B) economies of scope.
• C) learning by doing.
• D) economies of performance.

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Definitions:

Profitability

The ability of a business or activity to generate more revenue than the expenses incurred, resulting in financial gain.

Products and Services

Refers to the combination of goods (physical items) and services (intangible offerings) that a company provides to consumers.

DiversityInc

An organization that focuses on promoting and recognizing diversity and inclusion in the corporate environment.

Diversity Practices

Strategies and policies implemented by organizations to create an inclusive workplace that respects and values differences among employees.