Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

PLEASE answer it ASAP! Which of the following statements about striving to reduce labor costs per pair produced at each of the company's production facilities

PLEASE answer it ASAP!

image text in transcribed

Which of the following statements about striving to reduce labor costs per pair produced at each of the company's production facilities is true? All companies, regardless of the strategy/competitive approach being employed or their financial circumstances, have the means to pursue actions to manage worker compensation and worker productivity in a manner that results in produgtion labor costs per pair reasonably close to or below the industry-average (and sometinives close to the industry-low) in each region where the company has production facilities (as reported on p. 6 of the FIR). O Achieving labor productivity of 3,000 pairs per worker at a production facility is nearly always sufficiently high for a company's production labor costs per pair (after rejects) at the plant to be close to the industry-low (as reported on p. 6 of the most recent FIR) o It is very difficult for a company pursuing a differentiation strategy aimed at producing branded footwear with a high S/Q rating to achieve labor costs per pair produced that are below the industry-average in each geographic region where the company has production facilities O A company is better able to achieve low total production costs per pair by compensating production workers at levels either at or very close to the industry-low in those geographic regions where it has production facilities than by pursuing actions to compensate production workers at levels above the regional industry average Success in achieving labor costs per pair produced in each company production facility that are low compared to rival production facilities in the same region is important to the profitability of companies employing a low-cost low price strategy but has minimal bottom- line impact (if any at all) on companies employing strategies to gain a differentiation-based competitive advantage over rivals Question List uuesuu I 21 O Question 22 Question 23 Question 24 O Question 25 O Question 26 O Question 27 O Question 28 O Question 29 Question 30 O Question 31 O Question 32 O Question 33 O Question 34 O Question 35 Question 36 Question 37 O Question 38 Question 39 O Question 40 = Answered O = No Answer 2020 by GLOBUS Software in Privacy Policy Terms of Use

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Economics, Accounting And The True Nature Of Capitalism Capitalis Ecology And Democracy

Authors: Jacques Richard, Alexandre Rambaud

1st Edition

1032046589, 9781032046587

More Books

Students also viewed these Accounting questions