ENTREPRENEURIAL OPERATIONS
PRODUCTION PLANNING AND CONTROL
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The resources utilized for production are
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Materials, Machines, Manpower
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Materials, Methods, Machines
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Machines, Manpower, Methods
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Methods, Machine, Manpower
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Explanation:
Detailed explanation-1: -They are natural, human, and capital resources.
Detailed explanation-2: -Explanation: Productivity: Productivity is the output of any production process, per unit of input. It is the ratio of output and input in any organisation.
Detailed explanation-3: -Labor productivity: measures the total economic output (revenue) per labor hour. Capital productivity: determines the efficiency in which capital (such as machinery) is used to produce a specific output. Material productivity: measures the total economic output generated per unit of material used.
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