Answers to week one discussion question-question 1 and 2

Answers to week one discussion question-question 1 and 2 -...

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Answers to week one discussion question Productivity Matters 1. Higher productivity relative to competitors is very important for a nation because it provides the nation with a competitive advantage in the marketplace. Productivity increases add value to the economy while controlling inflation. In addition, higher productivity provides the basis for a sustainable long-term growth in the economy. It allows companies to undercut competitors’ prices to improve their market share, or realize higher profit margin at the same price level. Relative higher productivity also makes it more difficult for foreign companies to compete. 2. In general, service jobs have lower productivity than their manufacturing counterparts because service productivity is very difficult to measure and consequently, difficult to improve. In many cases, service jobs include intellectual activities and a high degree of variability, which makes productivity improvements difficult to achieve. Manufacturing jobs, on the other hand, lend themselves to productivity improvements mainly because
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This note was uploaded on 06/12/2011 for the course OM 440 taught by Professor Washington during the Spring '11 term at Ashford University.

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Answers to week one discussion question-question 1 and 2 -...

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