Mba 705 ch 89 graded a - Study guides, Class notes & Summaries
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MBA 705 CH 8&9 Graded A+
- Exam (elaborations) • 41 pages • 2024
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MBA 705 CH 8&9 Graded A+ 
Capital-Labor Substitution ️An organization's ability to substitute labor for capital or vice versa as 
production increases. 
Experience Curve ️The reduction in per-unit costs that occur as an organization gains experience 
producing a product or service. It's based on three underlying concepts: (1) learning, (2) economies of 
scale, and (3) capital-labor substitution possibilities 
Functional Strategies ️The strategies pursued by each functional area of ...
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