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jjolivette jjolivette
wrote...
Posts: 850
7 years ago
How does high productivity give a company a competitive edge?
Textbook 
Business Essentials, Canadian Edition

Business Essentials, Canadian Edition


Edition: 8th
Authors:
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wrote...
7 years ago
High productivity gives a company a competitive edge because its costs are lower than the costs of its competitors. As a result, it can offer its product at a lower price and gain more customers (or it can make a greater profit on each item sold). Increased productivity also allows companies to pay workers higher wages without raising prices to consumers.
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