Learning by doing suggests that: Multiple Choice greater experience increases production costs. greater experience increases efficiency. diminishing marginal productivity occurs more rapidly.

greater experience increases efficiency.

Explanation:

In Business management, Learning by doing suggests that greater experience increases efficiency.

Learning by doing can be defined as the process which involves different individuals making use or an application of their experiences, especially the experiences they acquired by actively engaging in the production, tasks or projects.

Additionally, when significant externalities are actively associated with learning by doing, the level or quantity and quality of production will become sufficiently great and result in an increased returns to scale as more sales and profit would be made by the organization.

It is a good concept and strategy which helps organizations to break even and to meet their goals, aim and objectives.

answer; ///i believe that the correct answer is (a) it is the means by which a person earns money;

the answer is a.

by: nicholas dooley