When a firm makes continual improvements to the processes used to produce, sell, distribute, and service its products across country borders, its ability to learn how to reduce costs and increase the value of its products for its customers is enhanced. The firm is:

Question

Marshall Woodard

Social Studies

10 April, 10:20

When a firm makes continual improvements to the processes used to produce, sell, distribute, and service its products across country borders, its ability to learn how to reduce costs and increase the value of its products for its customers is enhanced. The firm is:

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Answers (1)

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Lola Tapia · Answer 1

The answer is developing economies of scale and learning

Continual improvement is a practice adopted by several companies that aims to improve products, services and processes, making them better and better. It is essential for a company to increase its performance, thus strengthening its presence in the market.

This concept is becoming increasingly popular. It emerged a few decades ago and has already become a rule within organizations. This is because, with the increase of competition within the market, as well as the emergence of the Digital Era, companies were forced to change