Which One of the Following Statements Is TRUE About the Relationship

question 46

Multiple Choice

Which one of the following statements is TRUE about the relationship between learning curves and competitive strategy?

• A)Knowing where your process is on the learning curve will enable you to make frequent product modifications.
• B)Firms that emphasize low cost in their competitive strategy strive to move down the learning curve by increasing volume.
• C)Learning curves enable managers to project fixed manufacturing costs for future production quantities.
• D)Projecting the impact of learning curves into the future is one effective way of reducing the impact of environmental uncertainty.

---

Definitions:

Chatbots

Artificial intelligence systems designed to simulate conversation with human users, especially over the internet.

Widgets

Small software applications that perform a specific function and can be installed and executed within a web page by an end user.

Web 2.0

The second generation of the Internet, characterized by greater user interactivity, collaboration, and sharing among users.

Interactive Social System

A framework wherein individuals engage and communicate within a community through reciprocal action and influence.