The Two Phenomena That Help Explain the Experience Curve Are

question 75

Multiple Choice

The two phenomena that help explain the experience curve are

• A) learning effects and economies of scale.
• B) technology inputs and wealth transfer.
• C) leveraging subsidiary and local responsiveness.
• D) standardized manufacturing and global web.
• E) efficiency frontier and location economies.

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Definitions:

Deposits In Transit

Funds that have been received and recorded by a business but not yet credited by its bank, affecting the reconciliation of bank statements.

Cash Receipts

Money received by a business during a given period, from activities such as sales, services, loans, or equity infusions.

Cash Sales

Transactions in which customers pay for goods or services at the time of purchase with cash.

Cash Register

A device, either mechanical or electronic, designed to record and compute transactions where sales occur.