Learning Curve

The learning curve is a business concept often related to the process of continuous improvement in ergonomics and in overall process management.

Economies of Scale

Terminology / By David J Hoare MSA / 02/07/2017 01/30/2021

Of the basic business principles, economies of scale has the greatest impact on profitability over any other business principle. As an enterprise’s investment is spread over higher volume the cost per unit of production decreases. The differential between sales price and cost changes add to the overall profitability for the company.