Asked by
Maxime Momoti
on Oct 23, 2024
Verified
Operating efficiencies that increase productivity are a way to increase competitive advantage.
Operating Efficiencies
The capability of a firm to maximize outputs from given inputs, thereby minimizing its costs.
Competitive Advantage
The attributes or capabilities that allow an organization to outperform its competitors, typically leading to greater market share or profitability.
- Acquire insight into the definition and criticality of productivity in the realm of operations management.
- Understand the principal importance of productivity in attaining a competitive advantage.
Verified Answer
CL
Learning Objectives
- Acquire insight into the definition and criticality of productivity in the realm of operations management.
- Understand the principal importance of productivity in attaining a competitive advantage.
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