cost-effective operations and competitiveness Flashcards
1
Q
productivity definition
A
output per worker
2
Q
productivity formular
A
total output / number of workers
3
Q
methods of increasing output
A
train employees better invest better equipment introduce more effective work practices work overtime motivate employees
4
Q
methods of reducing costs
A
cheaper suppliers better design of products cheaper labour costs cutting overhead costs streamline the product process relocation
