Chapter 13: Efficiency And Productivity Flashcards by Ben Rowbotham | Brainscape

Q

labour productivity

A

Output per employee in given time period

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Efficiency

A

How well inputs are being used to generate output

More efficient = lower unit cost

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Lean production

A

Managers reduce waste

Operations become more efficient

How well did you know this?

1

Not at all

2

3

4

5

Perfectly