While it is true that increases in efficiency generate productivity increases, it is possible to get caught in an "efficiency improvement trap- Explain what this means.
Answer to relevant QuestionsHow does the number of periods in a moving average affect the responsiveness of the forecast? What advantages as a forecasting tool does exponential smoothing have over moving averages? List and briefly explain three factors that may inhibit capacity. What is job design, and why is it important?How community factors influence location decision?
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