Business Studies, asked by answer9645, 1 year ago

Efficiency is alright in its place in the shop the factory the store

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Answered by Mustela
0

Answer:

Explanation:

Efficiency refers to the completion of the task or event with the minimum utilization of resources and brings out the optimal outputs. This helps to boost business productivity in a qualitative and quantitative manner.

Efficiency is the key element that is indulged in every aspect of the business to teach and understand the importance of resources and using them in the best productive and practical manner for the business.

The shop, The factory, and The store involve efficiency as an element to use the available stock in the manner that satisfies the buyer's needs and wants. These mainly used to provide timely responses and making availability of resources for potential customers and Market.

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