Which of the Following Are Managers Most Likely to Monitor

question 162

Multiple Choice

Which of the following are managers most likely to monitor whether using product differentiation or low-cost production strategy?

• A)Customer satisfaction
• B)The production process
• C)External information such as competitor actions
• D)None of these ans choices are correct.

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Definitions:

Labor Productivity Growth

The increase in the amount of goods and services produced by one unit of labor, often measured over a specific period.

Productivity Growth

Refers to the increase in the output of goods and services per unit of input, which can be attributed to advancements in technology, skill levels, and efficiencies.

Computers

Electronic devices designed to manipulate data according to a set of instructions, capable of performing a wide range of tasks.

Labor Productivity

The measure of economic output per unit of labor input, reflecting the efficiency of labor in producing goods and services.