_________________ means reducing resources to achieve more efficient and cost-effective operations. Rationalization Utility management Physical distribution management Logistic integration
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Answer:
Rationalization
Explanation:
Among the four options given in question statement, the correct is Rationalization, option first
Rationalization
It is basically a technique for optimization of operation and making them more cost efficient by;
Developing better operations
Identity and minimize the losses
Redefine the resources required to keep the operation running, these resources would be both human and related to equipment
Answered by
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The first option 'rationalization' is correct among all the given options.
- So, after completing the following line, it becomes- ''Rationalization means reducing resources to achieve more efficient and cost-effective operations.''
- By this behavior or explanation is justified despite of appropriate answer.
- By dispensing industry or company becomes more efficient with superfluous equipment.
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