In: Operations Management
Productivity is a key factor in the cost of goods and services. Increases in productivity can become a competitive advantage. Select two retailers (e.g., Verizon and AT&T) or a certain product (e.g., cell phones) and state different ways they compete. Discuss ways a company can gain a competitive advantage by having higher productivity than its competitors have. Add how monopolies compare and give real-life examples.
PRODUCTION A KEY FACTOR ( Product : Cell phones):
ADVANTAGE OF INCREASE PRODUCTION THAN ITS COMPETITORS:
MONOPOLIES COMPARE:
REAL EXAMPLE: