A company recently implemented strategies to reduce the number of inputs required to produce outputs at various stages of the value chain. This has resulted in ________ efficiency and the cost of outputs is ________.
A)reduced; higher
B)greater; reduced
C)constant, lower
D)higher; reduced
E)reduced; constant

Question

Quizplus · Accepted Answer

The company's strategies to reduce inputs while maintaining or increasing outputs lead to greater efficiency, which typically results in reduced costs of outputs.

A Company Recently Implemented Strategies to Reduce the Number of Inputs