Business Studies, asked by kimdelivenge4176, 3 months ago

productivity ultimately depends on both

Answers

Answered by Anonymous
0

Explanation:

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Answered by deepanshuk99sl
0

Answer:

Productivity ultimately depends on both efficiency and effectiveness.

Explanation:

  • When managers can increase the firm's productivity, they are called good managers.
  • It can happen in two ways

Efficiency means completing the task or working with economies of scale.

Effectiveness means completing the task on time without any delay or inefficiency.

  • For example - Suppose an organisation can produce 500 units a day by working for 10 hours a day. But suppose the organisation has an order of 600 units and the working hours for labour is 8 hours. The management of the firm will only be effective as well as efficient when they full fill both situations. And that is when the firm will achieve its productivity.
  • Hence, Productivity ultimately depends on both efficiency and effectiveness.

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