_________________ means reducing resources to achieve more efficient and cost-effective operations.
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depreciation
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Rationalization means reducing resources to achieve more efficient and cost-effective operations.
Explanation:
- Rationalization means reorganization of company by reducing resources to achieve more efficient and cost-effective operations.
- Rationalization is important for enterprises to increase revenues and decrease the costs. There is application of knowledge, experience and work to achieve greater efficiency and productivity.
- Rationalization helps to develop operations minimize the losses and the resources required to gain profit for the organisation. It is basic technique for optimization of resources making them more cost efficient in all manner.
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_________________ means reducing resources to achieve more efficient and cost-effective operations.
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