An Organization Pursuing a Low-Cost Strategy Is Most Likely to Use

question 24

Multiple Choice

An organization pursuing a low-cost strategy is most likely to use which of the following technologies?

• A) Craftswork
• B) Nonroutine research
• C) Engineering production
• D) Routine manufacturing

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Definitions:

Productivity

The measure of the efficiency of a person, machine, factory, system, etc., in converting inputs into useful outputs.

Similar Productivity Characteristics

Attributes that enable different firms or workers to produce outputs at comparable rates, efficiency levels, or with similar resource requirements.

Employment Discrimination

Unfair treatment of employees or job applicants based on personal attributes such as race, gender, age, or sexual orientation, rather than their qualifications or performance.

Nonmonetary Attractiveness

The appeal of something based on non-financial factors, such as location, reputation, or quality of life.