Question: A strong learning / experience curve effect in an industry makes it advantageous for a firm to strive to be the low cost producer and
A strong learningexperience curve effect in an industry
makes it advantageous for a firm to strive to be the low cost producer and to reject focus and differentiation type competitive strategies.
is what causes firms with the lowest prices to have a cost advantage over firms with higher prices.
tends to reduce competitive pressures in an industry.
allows a firm to realize cost savings as the company's experience in performing an activity or business process increases.
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