Can you please give me an example of a company that has made a strategic decision based on productivity and costs. Can you also explain to me how to incorporate the law of diminishing marginal productivity and the relationship between productivity and cost in relation to the organization?© BrainMass Inc. brainmass.com September 26, 2022, 9:34 pm ad1c9bdddf
"Productivity and costs" is a measure of the productivity of workers and all costs that are associated with the production of a unit of output. Productivity and costs measure the efficiency of workers and the costs associated with producing a unit of output.
<br><br>Productivity specifically relates output to the amount of production time required in producing each unit. Output per hour depends on such factors as capital investment, changes in technology, capacity utilization, and managerial skills. Additional capital goods, such as computers or sewing machines, as well as improved technology, management, and capacity utilization, may act to increase productivity.
<br><br>The cost factors are unit labor costs and compensation per hour. These are important ...
An example of a company that has made a strategic decision based on productivity and costs is offered.