which best describes cost - effectiveness?\nmaintaining the lowest expenses for making a product\ncharging…
which best describes cost - effectiveness?\nmaintaining the lowest expenses for making a product\ncharging the lowest prices when selling a product\nordering the smallest quantity of materials when making a product\nusing the smallest amount of time to sell a product
Answer
Brief Explanations:
Cost - effectiveness is about achieving a goal (like producing a product) with the least cost relative to the benefits. Maintaining the lowest expenses for making a product focuses on cost - side efficiency in production, which best describes cost - effectiveness among the options. Charging the lowest prices is more about pricing strategy, ordering the smallest quantity of materials may not always be cost - effective if it affects production scale or quality, and using the smallest amount of time to sell a product is more about sales speed rather than cost - effectiveness.
Answer:
maintaining the lowest expenses for making a product