Author Question: Standardization is key to the success of a business, because; a. It makes it easier to train ... (Read 53 times)

neverstopbelieb · **on:** Aug 10, 2018

Standardization is key to the success of a business, because;

a. It makes it easier to train staff
b. It increases costs
c. It helps reduce consistency
d. Standardization has no impact on the success of a business
e. All of the above

Question 2

Why is the importance of the 80 / 20 rule of inventory valuation?

a. The 80/20 is not important in the beverage business
b. 80 of your inventory accounts for 20 of your inventory's value
c. 100 of your inventory is important and should be treated that way
d. 20 of your inventory accounts for 80 of your inventory's value
e. All of the above