Experience effects and economies of scale

Assignment Help Operation Management

Reference no: EM132178927

TRUE OR FALSE

1. Experience effects and economies of scale both contribute to reduced costs per unit.

2. In differentiation strategies, the emphasis is on creating value through uniqueness.

3. A best cost strategy combines the elements of low-cost leadership and differentiation.

4. The industry life cycle portrays how sales volume for a class of products changes over its lifetime.

5. A competitive shakeout usually occurs at the beginning of the growth stage of the product life cycle.

Reference no: EM132178927

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