BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Productivity: noun; the effectiveness of productive effort, especially in industry, as measured in terms of the rate of output per unit of input.

Detailed explanation-2: -Productivity is commonly defined as a ratio between the output volume and the volume of inputs. In other words, it measures how efficiently production inputs, such as labour and capital, are being used in an economy to produce a given level of output.

Detailed explanation-3: -Using the following labor productivity equation, you can measure employee productivity: total output /total input. Suppose your company generated $50, 000 worth of products (output) while utilizing 1, 000 labor hours (input); the labor productivity can be calculated by dividing 50, 000 by 1, 000, which equals 50.

Detailed explanation-4: -A productivity measure is expressed as the ratio of output to inputs used in a production process, i.e. Mathematically : P = O / I The measure of productivity is defined as a total output per one unit of a total input. Productivity is a crucial factor in production performance of firms and nations.