Question
Business Studies Question on Controlling
"Only a 5% increase in labor cost may be more troublesome than a 15% increase in postal charges."Identify the concept pointed out in the statement.
A
Deviation
B
Critical point control
C
Break-even analysis
D
Critical path method
Answer
Critical point control
Explanation
Solution
Critical point control focuses on key areas of a process that are most likely to affect performance. In this case, labor costs are critical.