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:

General Managers

Individuals responsible for overseeing the daily operations of a business and making decisions that affect its direction and profitability.

Mintzberg

Henry Mintzberg is a renowned academic and author in the field of business and management, known for his work on organizational structures, strategy, and managerial roles.

Interpersonal Roles

involve responsibilities of a manager that are centered around communication and relationship building within and outside an organization.

Interacting

The act of communicating or working together with others which can influence thoughts, feelings, and behaviors.