As a Firm Gets More Experience,it Can Often Work with Fewer

question 21

Multiple Choice

As a firm gets more experience,it can often work with fewer mistakes and greater efficiencies,thereby lowering costs.What type of cost benefit is it?

• A)Service
• B)Scope savings
• C)Learning
• D)Organizational practices

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Definitions:

Exchange Rate

The value of one currency for the purpose of conversion to another, determining how much one currency is worth in terms of the other.

¥134.68

This represents an amount in Japanese yen, a currency used in Japan.

10% More

Indicates an increase or addition of ten percent to a given number or value.

7% Less

A reduction by seven percent from a previous amount or value.