The Experience Curve Refers to The

question 41

Multiple Choice

The experience curve refers to the:

• A)learning by doing technique.
• B)company's overall experience in a particular industry.
• C)systematic lowering of the cost structure and unit cost reductions.
• D)diseconomies of scale caused by inexperienced workers.
• E)increases in unit costs experienced over time.

---

Definitions:

Performance Target

A specific goal set by a business or organization to measure the effectiveness and efficiency of its operations, employees, or processes.

Training Time

The period allocated for preparing employees through instruction and practice to perform their duties effectively.

On-Time Deliveries

The performance measure of delivering goods or services to customers within the promised time frame, reflecting efficiency and reliability.

Strategic Objectives

Strategic objectives are specific goals set by a business or organization that align with its overall purpose or vision, often guiding its plans and actions.