CLEAN - Marathon of the Sands: 3rd stage

The video discusses the concept of cost-effectiveness, emphasizing that certain options remain cheaper.

What is the primary focus of cost efficiency?

• Enhancing quality

• Increasing production

• Minimizing expenses

• Maximizing profits

Which of the following is a factor that can lead to cost reduction?

• Increasing employee salaries

• Investing in new technology

• Hiring more staff

• Expanding office space

How does maintaining lower costs benefit a business?

• It allows for higher profit margins

• It decreases customer satisfaction

• It limits product variety

• It reduces the need for marketing

What is a potential outcome of not focusing on cost efficiency?

• Higher operational costs

• Increased market share

• Improved employee morale

• Enhanced brand reputation

Which strategy is most effective for achieving cost efficiency?

• Increasing advertising budget

• Streamlining operations

• Expanding product lines

• Reducing product quality