experience curve
C2CEFR level
80/100Rarity: very rare
TechnicalRegister
The observed tendency for a company's costs per unit to fall predictably as its cumulative production volume rises.
The consultants used the experience curve to argue that the market leader could always undercut smaller rivals on price.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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