0
Productivity is a measure of output from a production process, per unit of input.
efficiency is used to refer to a number of related concepts.
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
Productivity is an important tool for managers as it helps them to track progress towards the more efficient use of resources in producing goods and services Elucidate?
Productivity may be defined as output produced per unit of input resources used. It is more a measurement of efficiency and performance of work managed rather than a tool of management. Improvement in productivity and that in efficient use of resources, may be considered one and the same thing. However we may use measurements of productivity as a means of setting targets for and monitoring efficiency and performance. This definitely helps in inproving efficiency. In this way planning and monitoring of productivity can be considered an useful tool for improving efficiency.
Difference between efficiency and productivity?
In economics, efficiency and productivity relate to the making of products, both goods and services. Productivity represents the amount of output compared to the effort put into the production of that good. Efficiency on the hand means the amount of time spent in doing the same thing.
How can the term business efficiency be explained?
In business efficiency is achieving the goal with least amount of resource consumption. Productivity and effectiveness are calculated by using an efficiency comparison.
What are benefit of managerial specialization?
Greater efficiency; increased productivity; lower unit costs
What is the difference between productivity and efficiency?
Business companies often measure productivity by the output produced during a specified time period. Efficiency, on the hand, relates to the quality of work in creating output with less waste and using fewer resources.
Is it true the energy use for metabolic processes reduces the efficiency of secondary productivity?
TRUE
What is efficiency management?
Efficiency management can be defined as the control of the output or productivity levels. Each company aims to have optimal productivity and thus has to manage efficiency.
How can you use efficiency in a sentence?
The efficiency goes to 30 MPH in this car.
How can you use the word efficiency in a sentence?
The cfl's proved total efficiency.
Productivity is an important tool for managers as it helps them to track progress towards the more efficient use of resources in producing goods and services Elucidate?
Productivity may be defined as output produced per unit of input resources used. It is more a measurement of efficiency and performance of work managed rather than a tool of management. Improvement in productivity and that in efficient use of resources, may be considered one and the same thing. However we may use measurements of productivity as a means of setting targets for and monitoring efficiency and performance. This definitely helps in inproving efficiency. In this way planning and monitoring of productivity can be considered an useful tool for improving efficiency.
Difference between efficiency and productivity?
In economics, efficiency and productivity relate to the making of products, both goods and services. Productivity represents the amount of output compared to the effort put into the production of that good. Efficiency on the hand means the amount of time spent in doing the same thing.
How would you use productivity in a sentence?
The university student read numerous books on productivity so he could minimize his study time.
Calculate indirect labor efficiency?
There are different ways to calculate labor efficiency, I normally use "total hours paid divided by total yielded productivity" This will give u an idea of the gap in efficiency. Thanks, Farhan
What word means rate and efficiency of work?
it's 'productivity' !!=]
Can you use primary productivity in a sentence?
One sentence with the primary productivity is: The companies focus was on the primary productive. This focus ensures all employees put the task at hand at the forefront.
What causes productivity to go up?
There are quite a few things that would cause productivity to go up. Efficiency is the number one factor affecting productivity.
How can the term business efficiency be explained?
In business efficiency is achieving the goal with least amount of resource consumption. Productivity and effectiveness are calculated by using an efficiency comparison.
