BUISENESS MANAGEMENT
FINANCIAL MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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equality between rich and poor
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that liberals will no longer go out on the streets
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achieving maximum value for money in the delivery of services
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that nothing is clear, but very interesting
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Detailed explanation-1: -Operating efficiently means using resources like time, people, equipment, inventory and money in an optimized way to serve the business. Efficient companies are leaner, agile and more profitable.
Detailed explanation-2: -One of the easiest ways to improve operational efficiency is to leverage technology and automation. While there’s never a “set it and forget” mindset with technology, automation can eliminate the human errors that decrease efficiency.
Detailed explanation-3: -Operational efficiency is crucial to the success of your company. Improving efficiency is a combined effort of measuring and refining processes, employees, technology, and financials. The goal is the continual improvement of these aspects to maintain and increase your business’s operational efficiency.
Detailed explanation-4: -Resource utilization, production, distribution and inventory management are all common aspects of operational efficiency, explains productivity software maker ActivTrak. The most critical factors vary by the nature of the business – manufacturing, distribution or retail.