Question

Explain the importance of efficiency criteria in an organization

Answer 1

The terms effectiveness and efficiency have a lot to do with a business entity. Every business stands to attain its predefined goals and objectives while particularly stressing on its ability of maintaining its survival and profitability constantly. In doing so, the effectiveness and efficiency counts greatly. On the one hand on the basis of these two terms a business goes to heighten its level immensely, on the other hand it bears losses in the absence of the results being associated with effectiveness and efficiency. It is thus essential for a business to maintain effectiveness and efficiency continuously.

Answer 2

• It makes the study of wide variety of organism easy and in systematic manner .
• It helps to understand how the different organisms have evolved with time.