Question

learning curve helps in cost reduction?​

Answer 1

Cost reduction is to be understood as the achievement of real and permanent reduction in the unit cost of goods manufactured or services rendered without impairing their suitability for the use intended or diminution in the quality of product.

Answer 2

Hi Mate !

Here is ur Answer !!

Answer:

The learning curve does a good job of depicting the cost per unit of output over time. The slope of the learning curve represents the rate in which learning translates into cost savings for a company. The steeper the slope, the higher the cost savings per unit of output