experience curve

experience curve
A relationship between the costs of production and cumulative output, showing that efficiency increases with the repetition of the process. As experience increases, costs fall, adding to the competitive advantage of a firm. This may be a continuous process as improvements are regularly made to the manufacture of a product over its life cycle.

Big dictionary of business and management. 2014.

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  • experience curve — ➔ curve * * * experience curve UK US noun [C] (also learning curve) PRODUCTION, HR ► the rate at which costs go down as workers become better at their jobs, methods improve, etc.: »It is also worth bearing in mind that the experience curve does… …   Financial and business terms

  • experience curve — /ɪk spɪəriəns kɜ:v/ noun a graph showing the relationship between the cumulative amount of products produced and the production cost per unit ● The experience curve shows how increasing efficiency has brought down our costs …   Marketing dictionary in english

  • Experience curve effects — Experience curve re directs here. For its use in video games see Experience point. The learning curve effect and the closely related experience curve effect express the relationship between experience and efficiency. As individuals and/or… …   Wikipedia

  • curve — [kɜːv ǁ kɜːrv] noun [countable] a diagram showing how a price or an amount changes in relation to another price, amount etc: • The price curve is rising as the bond gets closer to maturity. US /kɜːv/ noun [C] ► GRAPHS & CHARTS a line on a graph… …   Financial and business terms

  • Кривая опыта (EXPERIENCE CURVE)  — Функция, отражающая снижение общих затрат (такие как производственные, на маркетинг или дистрибуцию) на единицу продукции по мере увеличения накопленного объема производства. Данное понятие является более широким, чем Кривая обучения (Learning… …   Словарь терминов по управленческому учету

  • Curve Music — Founded 2002 Founder Brian Hetherman Genre indie, adult contemporary, rock Country of origin Canada Location …   Wikipedia

  • Learning curve — The term learning curve refers to the graphical relation between the amount of learning and the time it takes to learn. Initially introduced in educational and behavioral psychology, the term has acquired a broader interpretation over time, and… …   Wikipedia

  • learning curve — ˈlearning ˌcurve noun [countable usually singular] the rate at which you learn a new skill: • Everyone in the Administration Centre has been through a very steep learning curve. * * * learning curve UK US noun [C, usually singular] HR ► the rate… …   Financial and business terms

  • Phillips curve — The Phillips curve is a historical inverse relation between the rate of unemployment and the rate of inflation in an economy. Stated simply, the lower the unemployment in an economy, the higher the rate of increase in wages paid to labor in that… …   Wikipedia

  • Transcendental curve — Transcendental Tran scen*den tal, a. [Cf. F. transcendantal, G. transcendental.] 1. Supereminent; surpassing others; as, transcendental being or qualities. [1913 Webster] 2. (Philos.) In the Kantian system, of or pertaining to that which can be… …   The Collaborative International Dictionary of English

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