If a company focuses on using resources well to operate at low cost, the company is typically operating with the ____ objective.
A) Cost efficiency
B) Financial health
C) Profitability
D) Social responsibility
E) Sustainability

Question

Quizplus · Accepted Answer

When a company focuses on using resources well in order to operate at a low cost, they are prioritizing cost efficiency. This means that they are aiming to minimize expenses and maximize profits by optimizing their use of resources. Cost efficiency is a common objective for companies that operate in highly competitive markets, where even small cost advantages can make a big difference in profitability.

If a Company Focuses on Using Resources Well to Operate