What is the importance of productivity in competitiveness? - ProProfs Discuss
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What is the importance of productivity in competitiveness?



Asked by Emily, Last updated: Oct 20, 2021

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John Smith

John Smith

John Smith
John Smith

Answered Sep 08, 2016

The importance of productivity in competitiveness is to ensure of being successful are being able to stay in the market at a certain level as other competitors. Being able to compete in the market, the productivity has to be under control and being useful. For example, high productivity to less waste to lower cost that leads to better competitive edge. At the same time, productivity would need to ensure proper quality management and processes being under control, one further can lead to productivity in competitiveness is low cost. Being able to sell quality products at a low manufacturing cost can lead any organization to be successful.

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