define productivity and explain the types of productivity. what are the factors affecting productivity?

60.1K

Verified Solution

Question

General Management

define productivity and explain the types of productivity. whatare the factors affecting productivity?

Answer & Explanation Solved by verified expert

3.9 Ratings (821 Votes)

Please please please LIKE THIS ANSWER so that I can get a small benefit Please Productivity is a classic economic metric that measures the process of creating goods and services Productivity is the ratio of the amount of output from a team or organization per unit of input Conceptually productivity is a simple metric In order to calculate the metric you would simply sum up the number of units of item produced and divide it by the amount stuff needed to make those units The productivity ratio between the input output volume and the input volume is commonly defined In other words it calculates how effectively production inputs such as labor and capital in an economy are used to produce a certain amount of output A measure of the effectiveness of a individual machine factory system etc The average production divides productivity by the total cost or resources capital energy material staff consumed during that time In fact improved efficiency means the workers can produce goods faster or complete services faster than ever The more goods that employees manufacture or sell the more revenue the company gets making improved efficiency a high priority for many business owners The four types are The See Answer

Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:

Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!

Become a Member