Which One of the Following Statements Is True About the Relationship

question 36

Multiple Choice

Which one of the following statements is True about the relationship between learning curves and competitive strategy?

• A) Knowing where your process is on the learning curve will enable you to make frequent product modifications.
• B) Firms that emphasize low cost in their competitive strategy strive to move down the learning curve by increasing volume.
• C) Learning curves enable managers to project fixed manufacturing costs for future production quantities.
• D) Projecting the impact of learning curves into the future is one effective way of reducing the impact of environmental uncertainty.

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Definitions:

Green Light

A signal used in traffic lights indicating the permission to go or proceed.

Conditioned Responses

Learned reactions or responses to certain stimuli that occur as a result of conditioning, such as in classical and operant conditioning.

Garcia

A reference likely to John Garcia, known for his research on taste aversion learning showing that an organism can learn to avoid a substance after a negative experience.

Operant Conditioning

An approach to learning where behaviors are influenced to be repeated or not through the administration of punishments and rewards.