2278. Function which is used to measure decline in per unit cost of different business functions is classified as

mixed curve
experience curve
discrete curve
fixed curve
✅ The correct answer is B.
Function which is used to measure decline in per unit cost of different business functions is classified as experience curve. Experience curve refers to a diagrammatic representation of the inverse relationship between the total value-added costs of a product and the company experience in manufacturing and marketing it.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top