The Principal Strategy Implication of the Experience Curve Is That

question 52

Multiple Choice

The principal strategy implication of the experience curve is that:

• A)Firms should aim to drive volume growth through increasing their market shares.
• B)To reduce costs firms should prioritize learning
• C)Firms should concentrate on those products with the greatest sales potential
• D)Firms that aim to become cost leaders need to focus on mass production and mass marketing

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Definitions:

Persuadability

The quality or characteristic of being easily influenced or convinced by arguments, appeals, or suggestions.

Education And Intelligence

The process of acquiring knowledge, skills, values, and attitudes through study and experiences, and the ability to apply these cognitive skills towards effective problem-solving and adaptation to the environment.

Self-Esteem

An individual's subjective evaluation of their own worth or value.

Need For Cognition

A personality trait that denotes a person's desire or enjoyment of thinking, understanding, and analyzing complex ideas.