Which of the Following Contributes LEAST to Increasing a Company's

question 43

Multiple Choice

Which of the following contributes LEAST to increasing a company's profit margins?

• A) increasing demand
• B) increasing global competition
• C) high-growth markets
• D) underserved economies

Comprehend the methods and importance of methods analysis in operation management.

Understand the principles and application of work sampling and time studies in measuring work performance.

Describe the concept of the visual workplace and its benefits to the organization.

Explain the concepts of normal pace, labour standards, and establishing a fair day's work.

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Definitions:

Interest Rate

The fraction of the borrowed amount a borrower needs to pay as interest to the lender.

Savings Account

A deposit account held at a bank or other financial institution that provides principal security and a modest interest rate.

Behavioral Economic Explanation

An interpretation derived from behavioral economics, focusing on psychological, social, and cognitive factors affecting economic decisions.

Macroeconomics

The branch of economics that studies how the aggregate economy behaves, focusing on indicators like GDP, unemployment rates, and inflation.