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Which of the following statements about striving to reduce labor costs per pair produced at each of the company's plants is true?The cheapest way for
Which of the following statements about striving to reduce labor costs per pair produced at each of the company's plants is true?The cheapest way for a company to achieve low labor costs per pair produced is to give production workers base pay increases in the range of to annually in each geographic region where it has production facilities, pay workers an incentive of no more than $ per nondefective pair, and spend minimally on best practices training for production workers.
A company pursuing a lowcost provider strategy is better able to pursue actions aimed at achieving low labor costs per pair produced in each of its production facilities as compared to the labor costs of companies with production facilities in the same regions than is a company pursuing a strategy to differentiate its product offering from rivals in ways that enhance buyer appeal for its branded footwear.
Companies producing modelsstyles of branded footwear having a high SQ rating at a production facility in the AsiaPacific region are unlikely to be able to achieve labor costs per pair produced that are below the industry average.
All companies, regardless of the strategycompetitive 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 production labor costs per pair reasonably close to or below the industryaverage and sometimes close to the industrylow in each region where the company has production facilities as reported on p of the FIR
Achieving labor productivity of 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 industrylow as reported on p of the most recent FIR
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