Which is the most sustainable way to reduce cost in a small enterprise?
Answer and explanation
Correct answer: Reducing waste and improving processes
Process improvement can reduce rework, excess material use, delays, energy consumption, and other waste while preserving the value delivered to customers. Permanently lowering quality may damage reputation and increase returns, while arbitrary dismissal or hiding information is neither sustainable nor responsible. Thus A is the sound cost-control method.
Frequently asked questions
What is the correct answer to this question?
Reducing waste and improving processes
Why is this the correct answer?
Process improvement can reduce rework, excess material use, delays, energy consumption, and other waste while preserving the value delivered to customers. Permanently lowering quality may damage reputation and increase returns, while arbitrary dismissal or hiding information is neither sustainable nor responsible. Thus A is the sound cost-control method.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
