Question

3.33/6.66 points awarded item scored ebookprintreferencesitem 12 suppose that a pharmaceutical company wants to grow in size but is constrained in the short run by its production capacity. what are some of the steps the company can take in the long run to overcome these constraints?

Answer 1

In the long run, a pharmaceutical company can overcome production capacity constraints by expanding production facilities, hiring more workers, and improving efficiency.

Step-by-step explanation:

In the long run, a pharmaceutical company can take several steps to overcome production capacity constraints:

1. Expand production facilities: The company can invest in building new factories or expanding existing ones to increase production capacity.
2. Hire more workers: By recruiting and training additional staff, the company can increase its workforce and thus boost production.
3. Improve efficiency: Implementing lean manufacturing practices and adopting advanced technologies can help the company optimize its production processes and eliminate bottlenecks.

By taking these measures, a pharmaceutical company can meet the increased demand and grow its size in the long run.