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What is productivity? Explain the factors influencing the productivity.
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written 7.8 years ago by
teamques10
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- Productivity is computed by dividing average output per period by the total costs incurred or resources (capital, energy, material, personnel) consumed in that period. Productivity is a critical determinant of cost efficiency.
- Productivity is an average measure of the efficiency of production. It can be expressed as the ratio of …
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