Fredrick's Manufacturing Business Is Finding It Difficult to Compete with a Business

question 147

Multiple Choice

Fredrick's manufacturing business is finding it difficult to compete with a business that is comparable in size and makes a similar product.He has increased the number of his salesmen to contact potential clients,has a bank that gives him a better interest rate on his line of credit,and utilizes the benefits of day-light-savings time to adjust the lighting in the plant,but these actions seem to be inefficient to make his business competitive.With the facts given,which of the following would be most helpful in improving productivity at his business?

• A) He should utilize lean manufacturing.
• B) He should invest more money in equipment.
• C) He should try to satisfy customer needs with quality goods and services.
• D) He should lobby the government to change policies to ensure unreasonable regulations will stop hindering productivity.

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Definitions:

Selling Points

Selling points are key features or benefits of a product, service, or idea that make it appealing to potential buyers or users.

Job Requirements

The specific qualifications, skills, and experiences that an employer deems necessary for a candidate to possess in order to be considered for a position.

Application Letter

A written or digital communication that expresses interest in a job, scholarship, or other opportunities, often accompanying a résumé.

Résumé

A document summarizing an individual's education, work experience, and skills, used for job applications.