BUSINESS ADMINISTRATION
MANAGEMENT INFORMATION SYSTEM
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Survival
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Competitors
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Operational Excellent
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Decrease productivity/efficiency
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Detailed explanation-1: -Productive efficiency has two components. The purely technical, or physical compo-nent refers to the ability to use the inputs of production effectively, by producing as much output as input usage allows, or by using as little input as output production allows.
Detailed explanation-2: -“Positive attitude and involvement of management, ” “Proactive employees, ” “Good working conditions, ” “Tools and equipment to raise productivity, ” and “Availability of water, power and other input supplies” have been ranked as top five factors.
Detailed explanation-3: -Productivity is a measure of economic performance that compares the amount of goods and services produced (output) with the amount of inputs used to produce those goods and services.