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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is the term used to mean ratio of output to input?
A
Efficiency
B
Strategy
C
Productivity
D
Timeliness
Explanation: 

Detailed explanation-1: -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-2: -The labor productivity ratio is calculated by dividing output by input. For example, if a company produces 100 widgets in one hour and there are 10 workers working that hour, the labor productivity ratio would be 10010, or 10 widgets per worker.

Detailed explanation-3: -Ratio of output to input is an objective measure of sales force performance that incorporates common ratios used to evaluate salespeople. This ratio divides the amount of output a salesperson or sales force is generating by the inputs (resources expended).[1]

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