In simple words, I would measure it like this:
A business that earns the most it can while spending the less it can while providing the best quality product/service it can in the shortest time possible.
It's not obvious, do a little research and you'll find in every business countless ways to save money and time, but management is too busy to see it.
The ROI is a measure of the efficiency of an investment. ROI is a term used in the financial world, it means return on investment.
a tape measure
improve efficiency , accuracy , and to reduce workload
There is a program out there called Downtown Market Analysis. This program will evaluate your retail business or otherwise on many different topics. For example, the overall efficiency of your business will be evaluated.
When evaluating the operating efficiency of a firm's managers, you would look at the Asset Evaluation Ratio.
to what extent does profitability of a firm measure its efficiency
Efficiency
In business efficiency is achieving the goal with least amount of resource consumption. Productivity and effectiveness are calculated by using an efficiency comparison.
Profit is a requirement in order to help it to grow and make it financially stable. Profit is often used as a measure of efficiency of the company.
Efficiency
The ROI is a measure of the efficiency of an investment. ROI is a term used in the financial world, it means return on investment.
Working capital is a measure of a company's efficiency and its financial health. A measure of a companies efficiency is an example of working capital.
To what extent is Human Resource Management able to improve the efficiency of the business.
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.
Returning On Investment .
Ecological efficiency
Efficiency