productivity

Question 1

What is productivity?

Answer 1

The value of a particular product compared to the amount of labor needed to make it.

Question 2

Ways of measuring productivity

Answer 2

Capital productivity
Labour productivity
Capacity utilisation

Question 3

Ways productivity can be increased

Answer 3

• Be efficient
• Delegate
• Reduce distractions
• Increase pay for productive staff
• Promote competent managers

Question 4

What is capacity utilisation

Answer 4

The percentage of possible production level that is currently being used

Question 5

Calculate: Capacity Utilization

Answer 5

(Actual factory output)/ (Factory design capacity)