cost savings that come from learning by doing is referred to as: a. first-mover advantage. b. economies of scale. c. factor endowments. d. production possibilities frontier e. learning effects.

Respuesta :

Savings from learning via experience are referred to as learning effects. Economies of scale are cost savings realised by producing a product in big quantities.

When the tastes and preferences of customers across different countries are comparable, if not identical, then there are universal wants. Because there is more that may be learnt about a technologically complicated activity, learning effects are typically more pronounced when the job is repeated. Companies that pursue a transnational strategy are essentially attempting to cut costs at the same time through location economies, economies of scale, and learning effects; differentiate their product offerings across geographic markets to account for local differences; and promote a multidirectional flow of skills. Cost-cutting tactics are procedures and guidelines created to.

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