a)
To explain: The reason why increasing productivity could be an alternative to increased prices.
Introduction:
Person H was working in Fortune 500 company for 15 years. Despite some problems, the company continued to grow and the customer order were up which resulted in improvement in quality and productivity. The company decided to layoff 400 employees in which Person H was also one.
Person H started in search of job but it was of no use. Financially troubled, he decided to mow the lawn of his neighbours which would provide her some money while continuing her search for job. Having known that it is too difficult to get a job, she started the business of moving lawns for her neighbours and soon the business grew and he got many customers which eventually led to a successful start for her business. After a year Person H hired two part-time workers to assist her and she also believed that she could expand her business.
b)
To determine: The ways in which Person H could improve her productivity.
Introduction:
Person H was working in Fortune 500 company for 15 years. Despite some problems, the company continued to grow and the customer order were up which resulted in improvement in quality and productivity. The company decided to layoff 400 employees in which Person H was also one.
Person H started in search of job but it was of no use. Financially troubled, he decided to mow the lawn of his neighbours which would provide her some money while continuing her search for job. Having known that it is too difficult to get a job, she started the business of moving lawns for her neighbours and soon the business grew and he got many customers which eventually led to a successful start for her business. After a year Person H hired two part-time workers to assist her and she also believed that she could expand her business.
Want to see the full answer?
Check out a sample textbook solutionChapter 2 Solutions
Loose-leaf for Operations Management (The Mcgraw-hill Series in Operations and Decision Sciences)
- Practical Management ScienceOperations ManagementISBN:9781337406659Author:WINSTON, Wayne L.Publisher:Cengage,Operations ManagementOperations ManagementISBN:9781259667473Author:William J StevensonPublisher:McGraw-Hill EducationOperations and Supply Chain Management (Mcgraw-hi...Operations ManagementISBN:9781259666100Author:F. Robert Jacobs, Richard B ChasePublisher:McGraw-Hill Education
- Purchasing and Supply Chain ManagementOperations ManagementISBN:9781285869681Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. PattersonPublisher:Cengage LearningProduction and Operations Analysis, Seventh Editi...Operations ManagementISBN:9781478623069Author:Steven Nahmias, Tava Lennon OlsenPublisher:Waveland Press, Inc.