EBK OM
6th Edition
ISBN: 9781305888210
Author: Collier
Publisher: YUZU
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Chapter 3, Problem 4PA
Summary Introduction
Interpretation:The rationale of the statement “General Electrics uncovered that 75% of their cost of manufacturing originates by their designs”.
Concept Introduction:
The company, headquartered in Boston, USA was founded over a century ago in 1892. Currently it operates as a conglomerate and focuses on business areas such as aircraft manufacturing, manufacturing and distributing electronic goods, energy, healthcare, finance, software et cetera. Being an organization with a much wider presence in many areas the company has been among the lists of best performing organizations worldwide for quite many times.
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