Which of the following should an organization do in order to obtain a competitive advantage through superior efficiency?
A) Make products that are much more reliable than the products available in the market
B) Reduce the number of inputs it requires to produce a given amount of outputs
C) Use technology to make its product unique and different when compared to its rivals'
D) Conduct surveys to determine whether a product will be successful in the market
E) Create products that will attract customers and charge a premium price for those products

Question

Quizplus · Accepted Answer

Efficiency is a measure of the amount of inputs required to produce a given amount of outputs. Reducing the number of inputs or increasing the manufacturing capabilities are methods of improving efficiency.

Which of the Following Should an Organization Do in Order