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Test Your Knowledge on Competitiveness

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Questions and Answers

What is competitiveness?

The ability to be average in the marketplace

The ability to fail in the marketplace

The ability to succeed and prosper in the marketplace (correct)

The ability to break even in the marketplace

What are some key concepts associated with competitiveness?

Mediocrity and continual improvement

Peak performance and continual improvement (correct)

Mediocrity and continuous decline

Peak performance and continuous decline

What is productivity?

The ratio between input and input volume

The ratio between input and output volume

The ratio between output and output volume

The ratio between output and input volume (correct)

What can pressure to remain competitive lead to?

Cutting corners on safety and health measures Signup and view all the answers

What are high productivity levels associated with?

Better safety and health outcomes Signup and view all the answers

How can declining productivity be recognized?

Reduced output and increased errors Signup and view all the answers

Why must companies prioritize safety and health measures?

To avoid harm to employees and consumers Signup and view all the answers

What do the best companies consistently outperform their competitors in?

Quality, productivity, response time, service, cost, and corporate image Signup and view all the answers

Why is continual improvement necessary for competitiveness?

To maintain peak performance in the marketplace Signup and view all the answers

What must employers provide, and employees maintain, for competitiveness?

A safe and healthy work environment, while maximizing productivity Signup and view all the answers

Study Notes

Competitiveness is the ability to succeed and prosper in the marketplace.
Peak performance and continual improvement are key concepts associated with competitiveness.
Productivity is a ratio between output and input volume.
Pressure to remain competitive can lead to cutting corners on safety and health measures.
High productivity levels are associated with better safety and health outcomes.
Declining productivity can be recognized through reduced output, increased errors, employee absenteeism, low morale or engagement, and low employee retention.
Companies must prioritize safety and health measures to avoid harm to employees and consumers.
The best companies consistently outperform their competitors in quality, productivity, response time, service, cost, and corporate image.
Continual improvement is necessary for competitiveness.
Employers must provide a safe and healthy work environment, while employees must maintain safety while maximizing productivity.

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Description

Do you know what it takes to stay competitive in today's market? Take this quiz to test your knowledge on the key concepts associated with competitiveness, including productivity, safety measures, and continual improvement. Learn about the importance of maintaining high productivity levels, recognizing declining productivity, and prioritizing safety and health measures. Discover how the best companies consistently outperform their competitors and what it takes to succeed in the marketplace.