"By tradition, learning curves are defined in terms of the complements of their improvement rates." Explain
What will be an ideal response?
The improvement in labor usage might be expressed as a 10% reduction. The complement of 10% is 90%. We refer to learning not by the 10% improvement, but by improvement to 90% of the old value. The latter number, not the former, expresses learning curves.
Business
You might also like to view...
Bicycle store 2Wheels notices that it has a high proportion of low-profit customers, but doesn't want to terminate the customer relationship. What can 2Wheels do to make these customers more profitable?
What will be an ideal response?
Business
Captive pricing is illegal
Indicate whether the statement is true or false
Business