Rationalisation in business has the following advantages. 1) It brings more profits and reduces costs of production. 2) It organizes productive activities with great efficiency. 3) It establishes co-ordination between consumption and production and achieves economic stability.
Step-by-step explanation:
Rationalization is the reorganization of a company in order to increase its operating efficiency. ... Rationalization is necessary for a company to increase revenue, decrease costs and improve its bottom line. Rationalization may also refer to the process of becoming calculable.
Answers & Comments
Answer:
Rationalisation in business has the following advantages. 1) It brings more profits and reduces costs of production. 2) It organizes productive activities with great efficiency. 3) It establishes co-ordination between consumption and production and achieves economic stability.
Step-by-step explanation:
Rationalization is the reorganization of a company in order to increase its operating efficiency. ... Rationalization is necessary for a company to increase revenue, decrease costs and improve its bottom line. Rationalization may also refer to the process of becoming calculable.
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