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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?
Wiki User
∙ 13y ago
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.
Wiki User
∙ 13y ago
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An economy that is producing the maximum amount of goods and services is considered?
efficient
Why monopoly is inefficient and perfect competition efficient?
It is assumed that they are producing on the lowest point of their Average Total Cost curves, therefore producing the maximum possible output from available inputs and so productively efficient. They are also allocatively efficient because Price is equal to Marginal Cost.
If the economy is producing on the production possibilities curve?
At Full Potential
Is how people or countries manage their resources by producing exchanging and using goods and services.?
I think it would be Productivity if I'm correct!
What is the most efficient combination of resources in producing any output?
The most efficient combination would be one which uses the smallest total quantity of all resources
How does productivity management help a business?
Productivity management is producing high quality products at an efficient rate, this helps a business by maintaining the same level of quality products at a set efficient rate, so productivity can be calculated and maintained or improved upon.
What is productivty?
Productivity: the state or quality of producing something
True or false gene cloning is an efficient means of producing large numbers of genes?
True, gene cloning, is an efficient way of producing large numbers a gene. These genes can be cloned repeatedly, at a rather as a rather efficient means.
What are the main reason for producing agriculture productivity?
believe me im trying to figure that out myself
An economy that is producing the maximum amount of goods and services is considered?
efficient
What was advantage of assembly lines?
They were a fast and efficient way of producing things
Why monopoly is inefficient and perfect competition efficient?
It is assumed that they are producing on the lowest point of their Average Total Cost curves, therefore producing the maximum possible output from available inputs and so productively efficient. They are also allocatively efficient because Price is equal to Marginal Cost.
Why is gene cloning an efficient method of producing a substance such as interferon artificially?
Yes
What is th prefix meaning of eff?
The prefix "eff" means out or away, like in words such as "efface" (erase) and "effluent" (outflowing).
If the economy is producing on the production possibilities curve?
At Full Potential
Is how people or countries manage their resources by producing exchanging and using goods and services.?
I think it would be Productivity if I'm correct!
What is the most efficient combination of resources in producing any output?
The most efficient combination would be one which uses the smallest total quantity of all resources
