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Learning Curve Coefficients
Quantitative measures that describe the rate at which learning and efficiency improvements occur over time in performing a task.
Learning Curve
The graphical representation of how an increase in learning comes from greater experience or the decrease in marginal costs over time.
Aggressive Pricing Policy
A strategy where a company sets lower prices than its competitors to gain market share and deter competition.
Continuing Cost Reduction
A strategy aimed at consistently lowering costs over time through efficiency improvements and waste reduction.
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