Leo Wants to Improve the Costs for His Business, So

question 34

Multiple Choice

Leo wants to improve the costs for his business, so he chooses to buy inputs in bulk and manufacture products in larger quantities.This is an example of

• A)economic forces.
• B)demographic forces.
• C)potential competitors.
• D)brand positioning.
• E)economies of scale.

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Definitions:

Work Standards

Established criteria or benchmarks that define the expected quality, productivity levels, and performance measures for specific tasks or jobs.

Task Completion

The act of finishing a specific duty or assignment fully, meeting all its requirements and objectives.

Performance Monitoring

The continuous process of observing and measuring the effectiveness and efficiency of an individual’s or organization’s performance.

Concern For People

Refers to the degree to which a leader or management prioritizes the welfare, needs, and interests of the employees in an organization.