To reduce the cost to deliver a product or service to consumers,a company must focus on

Question

Quizplus · Accepted Answer

Operational efficiency refers to improving the processes and systems to reduce the cost of producing and delivering a product or service. By focusing on streamlining operations, optimizing resources, and minimizing waste, a company can lower its expenses and offer products or services to consumers at a more affordable price, while maintaining or improving profit margins. Location, sales mix, and competition are also important factors that can influence the cost of delivering a product or service, but they are not the primary drivers of operational efficiency.

To Reduce the Cost to Deliver a Product or Service