The decline in the average cost of production with accumulated production experience is called the ______________.

Related MCQs

• ______________ pricing means assigning a low price tag for a product and providing the benefits of low-cost mass production to the customers.
• Setting price on the basis of the total cost per unit is known as ______________
• Which of the following is not a method of cost based pricing
• ______________ is a low cost communication tool that can be easily tested, refined and rolled'out.
• In maturity stage of product life cycle, cost per customer is:
• The process of direct communication between the sales person and a prospect is called
• General rural markets where rural /tribal people gather once or twice a week on a fixed day to exchange/to sell their produce is called ______________
• Permanent rural market with continuous trading activity is called ______________
• ______________ is also called ambush marketing.
• The process of assessing the relative worth of different market segments and selecting one or more segments in which to compete is called