The ____________ Refers to the Systematic Reductions in Production Costs

question 19

Multiple Choice

The ____________ refers to the systematic reductions in production costs that have been observed to occur over the life of a product.

• A) experience curve
• B) forward advantage
• C) positive-sum result
• D) managed advantage
• E) economies of scale

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Definitions:

Observable

Capable of being seen or noticed, often used to describe phenomena that can be perceived directly or recorded.

Somatic Cells

All the cells in the body except for the germ cells (the ova and sperm).

Genes

The basic physical and functional units of heredity made up of DNA.

Zygotes

The initial cell formed when a new organism is produced by means of sexual reproduction, resulting from the union of an ovum and a sperm cell.