What does productivity measure for a business?A.Its variety of products on the marketB.Its share of a market compared to competitorsC.Its efficiency in creating its productD.Its ability to generate capital investmentSUBMITarrow_backPREVIOUS
Question
What does productivity measure for a business?A.Its variety of products on the marketB.Its share of a market compared to competitorsC.Its efficiency in creating its productD.Its ability to generate capital investmentSUBMITarrow_backPREVIOUS
Solution
Productivity for a business measures its efficiency in creating its product. So, the correct answer is C. It's about how effectively a company can convert input (like labor, materials, and machines) into output (products or services). A more productive company will use fewer resources to produce more or the same amount of output.
Similar Questions
Productivity is a measure of:A.the investment required to get a business started.B.the growth of a business over a defined period.C.the amount of input needed to create a certain output.D.the profits generated by a single economic decision.
Productivity is best measured asResponsesA output per person.output per person.B output per unit of capital.output per unit of capital.C output per unit of technology.output per unit of technology.D output per hour of work.
What is the definition of productivity?Multiple choice question.Input per outputOutput per unit of inputProduction that is capital intensiveThe absolute quantity of inputs used in production
What is 'productivity'?*1 pointProductivity is the amount of output that is produced per unit of time.Productivity is the amount of input that is produced per unit of time.Productivity is how fast a job can get done.Productivity only applies to mechanical systems.
Briefly describe two methods of measuring primary productivity. In your response also, give an example of situations where these methods can be used in practice.
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