Question

When a firm meets a sales goal, it is said to be ____________ When a firm...

When a firm meets a sales goal, it is said to be ____________

When a firm incurs less material costs to manufacture products than expected, the firm is said to be __________

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Answer #1

When a firm meets a sales goal, it is said to be target achieved. Each quarter or each year the firm sets a sales target to achieve. After the end of the periods, if the firm meets the sales goal, then it is said to have achieved the target.

When a firm incurs less material costs to manufacture products than expected, the firm is said to be efficient.

The firm is said to be efficient when it manufactures products with fewer resources than expected.

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