Multiple Choice
Omega recently found that its flagship product had cost the company $129 to manufacture when the company launched it ten years ago.Now,the same product cost just $72 to manufacture.Which of the following terms best represents the systematic reductions in production costs that Omega has achieved over the ten-year life of its flagship product?
A) global web
B) dispersion linkage
C) economies of scale
D) experience curve
E) efficiency frontier
Correct Answer:
Verified
Correct Answer:
Verified
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