How might the following business specialists use learning curves: accountants, marketers, financial analysts, personnel managers, and computer programmers?

Short Answer

Expert verified

Firms may plan to manufacture, anticipate costs, and create logistics strategies using the learning curve.

Step by step solution

01

Introduction

The learning curve measures the value of repetition and experience for someone performing the same task regularly.

02

Learning curve for business specialists

Learning curves for business specialists are:

  • Accountants: It might note how long it takes a corporation to manage certain accounts and compare that to how long it will take in the following operational cycle to do the same work.
  • Marketers: The number of sales made per fiscal year is the criterion used by marketers. The level of brand recognition that the target audience has of your company can also be taken into consideration. The learning percentage is calculated by dividing these variables by the number of units launched each year. Financial analysts: It gains knowledge about the flow, distribution, demand, and rate of usage of funds. This learning curve will develop for each client because these amounts will change depending on the customers.
  • Personnel managers: As individuals learn about various personality types and problems, there may be multiple learning curves. They will get to know their staff better and learn how to manage the teams more effectively, but they might get sent back if unusual circumstances or challenging people come along.
  • Computer programmers: programs on computers that use learning curves as a time estimate for programming.

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