ECONOMICS
PRODUCTIVITY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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employing more staff
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providing pay incentives
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investing in up-to-date machinery
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training staff
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Detailed explanation-1: -One of the foremost productivity improvement techniques is Time Management. It is very crucial for you to track your time spent on various tasks which allows you to optimise your life and business goals through better use of time. Time management is the key element to master in order to be successful at work and life.
Detailed explanation-2: -Answer and Explanation: d. An increase in the size of the labor force is not expected to increase labor productivity.
Detailed explanation-3: -Step 1: Improve Your Business Processes. Step 2: Evaluate Your Production Line. Step 3: Update Technology. Step 4: Identify Production Bottlenecks. Step 5: Find and Eliminate Wastefulness. Step 6: Consider Recycling. Step 7: Get Organized. Step 8: Improve Your Training Processes. 23-May-2022
Detailed explanation-4: -Examine Problems as a Team. Prioritize Employee Training. Invest in Better Tools. Ongoing Machine Maintenance. Optimize Your Inventory. Data Tracking. Streamline Supplier Communication. Automate Processes.