Question

Friends its to urgent. What is Efficiency. in business studies class 12

Answer 1

Efficiency and productivity. Efficiency is about making the best possible use of resources. Efficient firms maximise outputs from given inputs, and so minimise their costs. By improving efficiency a business can reduce its costs and improve its competitiveness.

Answer 2

The percentage ratio or mechanical advantage(MA) to the velocity ratio (VR) is called efficiency of a machine