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Which of the following statements about striving to reduce labor costs per pair produced at each of the companys facilities is true? In managing production
Which of the following statements about striving to reduce labor costs per pair produced at each of the companys facilities is true? In managing production worker compensation and expenditures for best practice training, the overriding objective of company managers should be to achieve the lowest feasible labor costs per pair produced at each production facility The cheapest and best way for a company to achieve lower labor costs per pair produced than rival companies is to give production workers base pay increases in the range of 4- 3% annually in each geographic region where it has production facilities: keep incentive pay at or below $.?5 per nondefectivepair produced and spend minimally (usually less than $1,IIIIIIIJ per worker) on best practices training for production workers. The most cost effective way for a company to achieve low labor costs per pair produced is to give production workers a base wage increase of 113% to 15% annually in each region where its has production facilities Because of the progressively higher amounts of time it takes to produce branded footwear having a Tstar or higher Sf rating, it is very difficult for a company producing branded footwear with a SEQ rating of ? stars or higher to achieve labor costs per pair produced that are significantly below the industry average in those geographic regions where it has production facilities As long as labor productivity at each of the company's production
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