1
Q
What is the equation for productivity ?
A
Output / Input
2
Q
What is productivity ?
A
The efficiency of a businesses output based on the number of inputs
3
Q
How can we improve productivity ?
A
Improved tech and machines
Set realistic targets
Use fewer inputs to get = output
Offer an ergonomic factory
Motivating employees
4
Q
A
Business revision
flashcards
Decks in class (13)
# Cards
-
What is meant by markets ?13
-
Elasticity6
-
Budgets and variance12
-
Cashflow and working capital13
-
Ratio analysis14
-
Types of cost10
-
Added value + methods5
-
Productivity4
-
Economies and diseconomies of scale11
-
Capacity , utilisation and management8
-
Methods of production23
-
Lean production4
-
Internal and external quality standards18
