Asked by Chantal Paine on May 18, 2024
Verified
In the goal of keeping productivity high, a small business owner should look for ways to increase outputs while ______.
A) keeping inputs constant
B) increasing inputs
C) increasing expenses
D) decreasing sales
Productivity
A measure of the efficiency of production, often expressed as the ratio of output to inputs used in a production process.
Inputs
Resources such as labor, capital, materials, and information used in the production of goods or services.
- Comprehend the methods to improve business efficiency through the optimization of inputs and outputs.
Verified Answer
GA
glorious abbeyMay 23, 2024
Final Answer :
A
Explanation :
Keeping inputs constant while increasing outputs is a direct way to enhance productivity, as it means more is being produced with the same amount of resources.
Learning Objectives
- Comprehend the methods to improve business efficiency through the optimization of inputs and outputs.
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