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The experience-curve concept: a. is very important in industries that mass-produce a standardized output. b. helps a company realize both learning effects and diseconomies of scale. c. suggests that achieving low costs allows a firm to charge a premium price. d. suggests that unit manufacturing costs increase by a certain amount each time output is increased. e. is least likely to bottom out as long as the company does not stop production.

Respuesta :

The correct option is (a);

The experience-curve concept: "is very important in industries that mass-produce a standardized output".

What is experience-curve concept?

The Boston Consulting Group developed the notion of the "Experience Curve," which asserts that there is a regular correlation between a company's total amount of production and its cost of production.

The example of experience-curve is-

  • The growth of the Model T Ford is arguably the most well-known illustration of the Experience Curve.
  • Ford raised its market share from 10% to 55% by cutting production costs for the Model T and utilizing its 11 years of assembly experience.

Factors responsible for experience-curve are-

  • The most frequent ones are: a growth in production scale, organizational and technical advancements in the production process, and quality improvement.
  • There are numerous other elements that also have an impact on the degree of this effect.

To know more about Henry Ford’s Model T, here

https://brainly.com/question/7802830

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