bedwards1011 bedwards1011

18-06-2024
Business

Answered

What does productivity measure for a business?

A. Its variety of products on the market
B. Its share of a market compared to competitors
C. Its ability to generate capital investment
D. Its efficiency in creating its product

Answer :

GinnyAnswer GinnyAnswer

18-06-2024

Final answer:

Productivity measures the efficiency of a business in transforming resources into outputs.

Explanation:

Productivity is the measure of how efficiently a company can transform resources into goods or services. It essentially measures the outputs generated from a set of inputs, showing the efficiency of the production process.

Labor productivity can be measured by output per hour or labor required to produce one unit of output, reflecting how effectively labor contributes to the output.

One way to measure productivity in retail stores is by calculating total revenue over a period divided by available square footage, which helps assess the store's efficiency in utilizing its resources.

Learn more about Productivity measurements for business here:

https://brainly.com/question/30474893

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