Premier Products Co The Total Factor Productivity Measure Is:
A) $150,000

question 78

Multiple Choice

Premier Products Co. has provided the following information for last year:
$$\begin{array} { l r r } \text { Material costs } & \$ 150,000 \\\text { Labor hours } & \$ 45,000 \\\text { Overhead costs } & \$ 117,000 \\\text { Product produced } & 8,000 & \text { @ selling price of \$45/each }\end{array}$$
The total factor productivity measure is:

• A) $150,000.
• B) $312,000.
• C) 1.154.
• D) 0.832.

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Definitions:

Lean Supply Chains

Supply chain management philosophy focused on minimizing waste and enhancing value for the end customer through continuous improvement.

Standardize

To make something conform to a uniform style, size, or method, ensuring consistency and compatibility.

Global Markets

Refers to the international trading environment where goods, services, and capital flow across countries, influenced by globalization.

Customization

The process of modifying products or services to meet individual customer preferences or requirements, often leading to greater customer satisfaction.