A major big box store allegedly adds 5 percent to the total cost ...

[bobbie]

A major big box store allegedly adds 5 percent to the total cost of production or cost of purchasing items it sells in its store, then adds to this number the additional costs and profits in order to arrive at the product's selling price. The 5 percent represents the ___ amount.
 A) markup
  B) income
  C) equity
  D) market share

Question 2

What does improving productivity mean? How can a manufacturing or service business improve productivity?

[kjohnson]

Answer to Question 1

A

Answer to Question 2

Improving productivity refers to improving the average level of output per worker per hour. Lean manufacturing, a concept built on the idea of eliminating waste from all production activities, is one way to improve productivity. Benefits include a reduction in resource usage, more efficient use of employee time, improved quality, and increased profits.

[bobbie]

Thank you

[kjohnson]

No problemo