Efficiency & Produtivity

Producing a desired result without wasting time, energy, money, or other resources.​

• Efficiency

• Productivity

• Input

• Output

A way of doing something.

• Efficiency

• Input

• Process

• Output

The amount of something that is produced

• Input

• Efficiency

• Productivity

Resources being used to make the output

• Input

• Productivity

• Output

• Process

Resources being produced, and it is the final product.

• Input

• Ouput

• Process

If productivity increases, commodity (a good) can be produced faster.

• True

• False

Productivity is measured in _________ or ________

• time or resources

• hours worked or number of workers

• cm or inches

• buying in bulk or revenue

The demand for the product increase then declines over a certain period of time.

• Output

• Input

• Law of Diminishing Return

• Productivity

Motivating employees is way to increase productivity.

• True

• False

_______ is a way to increase productivity.

• Talking bad about an employee

• Technology

• Increase the price of a product