Experience Curve

Experience Curve
The plotted relationship between the amount of products produced and the cost per unit over time from launch.

Experience Curve Pricing - the pricing of a product at a lower than average-cost level on the basis that costs will decrease as production experience increases.

Learning Curve a graphical representation of the way in which average unit cost of production decreases as output rises; also called an Experience Curve.

Learning Curve: [lea] The learning curve (also known as the experience curve) represents the outcome of a company's experience when developing a product.

Firms that produce a global product can obtain economies of scale in manufacturing, and higher quantities produced also lead to a faster advancement along the experience curve.

a graphical representation of the way in which average unit cost of production decreases as output rises, also called an experience curve
learning management system
a software application that companies use to track what their employees learn ...

See also: Market, Marketing, Consumer, Product, Purchase