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?

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?

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



Answer: D. experience curve


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