If a company upgraded its equipment by selecting tools that were faster and more efficient, which cost factor would be most directly affected?

Name: If a company upgraded its equipment by selecting tools that were faster and more efficient, which cost factor would be most directly affected?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Upgrading to faster and more efficient tools directly impacts labor costs by potentially reducing the time it takes to complete tasks, thereby lowering the amount of labor required.

If a Company Upgraded Its Equipment by Selecting Tools That