The firm that moves up the experience curve most rapidly will have a c

QUESTION

The firm that moves up the experience curve most rapidly will have a cost advantage vis-à-vis its competitors.

Indicate whether the statement is true or false.

ANSWER

FALSE
Moving down the experience curve allows a firm to reduce its cost of creating value and increase its profitability. The firm that moves down the experience curve most rapidly will have a cost advantage vis-à-vis its competitors.