Loose-leaf for Operations Management (The Mcgraw-hill Series in Operations and Decision Sciences)
Loose-leaf for Operations Management (The Mcgraw-hill Series in Operations and Decision Sciences)
12th Edition
ISBN: 9781259580093
Author: William J Stevenson
Publisher: McGraw-Hill Education
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Chapter 2.7, Problem 1.3RQ
Summary Introduction

Summary:

Productivity is the ratio of outputs attained as result of processing to theinputs given for production to. There is a direct relation between the productivity and growth of a nation. High productivity creates a secure and safe condition for the local manufacturers in competing with foreign producers.

Higher productivity helps to increase wages by increasing the profits which helps to gain competitive edge over the rivals and help to improve the market share.

To determine: The ways, a company can attain competitive advantage by having higher productivity than its competitors.

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