Asked by Herantha Wickramasekera on May 10, 2024
Verified
Small business owners can increase the productivity of their business by ______.
A) increasing outputs
B) decreasing inputs
C) increasing outputs and decreasing inputs
D) decreasing outputs and increasing inputs
Productivity
The measure of efficiency of a person, machine, factory, system, etc., in converting inputs into useful outputs.
Outputs
The results or products generated from operational or production processes.
- Acquire knowledge on enhancing business effectiveness by optimizing resource input and output.
Verified Answer
KH
Kalissa HowardMay 15, 2024
Final Answer :
C
Explanation :
Increasing productivity involves either increasing outputs with the same amount of inputs or decreasing inputs while maintaining the same level of outputs. Therefore, doing both simultaneously would most effectively increase productivity.
Learning Objectives
- Acquire knowledge on enhancing business effectiveness by optimizing resource input and output.
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