Measurement of Productivity in Service Is More Straightforward Than in Manufacturing

question 49

True/False

Measurement of productivity in service is more straightforward than in manufacturing since it is not necessary to take into account the cost of materials.

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Definitions:

Organizational Strategy

A plan of action designed by management to achieve specific long-term goals and objectives, shaping the company's direction and scope.

Benchmarking Partners

Organizations a company compares itself to for the purpose of measuring and improving performance, quality, or processes.

Internal

Pertaining to or happening within an organization or entity, as opposed to external factors or influences.

Competitive

The characteristic of being able to outperform competitors or rivals in a market.