productivity
Definition
Relative measure of the efficiency of a person, machine, factory, system, etc., in converting inputs into useful outputs. 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 in the Entrepreneurship, Management, & Leadership and HR, Teams, & Training subjects.
productivity appears in the definitions of the following terms:
improshare,
operating cash flow to sales ratio,
incentive scheme,
time and motion study,
instant pudding,
autonomous maintenance,
operational performance,
long term objectives,
supply shock,
natural rate of employment
and
productivity appears in the other terms: time productivity, marginal productivity theory of wages, total factor productivity (FTP), marginal productivity of capital, labor productivity, marginal productivity theory of income distribution, marginal productivity
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