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Advantage learning curve?
ADVANTAGES OF LEARNING CURVE
(a) It will assist in planning for personnel both in terms of number and the cost.
(b) It will assist in product pricing by providing better-cost estimates.
(c) ...
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Uses of learning curve?
Uses of Learning Curve
(a) Improvement in performance owing to mastery of the act of producing the product or carrying on the process.
(b) Elimination of initial bottlenecks naturally...
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Explain What a learning curve theory is?
One of the methods of estimating cost, especially direct labour cost, is through the leaning curve theory.The theory assumes that at the early stage of production staff will use more average labour...
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Does a steep learning curve mean learning fast or slowly?
Actually, it has little to do with the learner and more to do with how much there is to be learned. The steeper the learning curve, the progressively more difficult the concepts to be mastered are. -...