The answer is productivity. The productivity is an financial measure of output per unit of input. Inputs comprise labor and capital even though output is classically measured in revenues and other gross domestic manufactured goods constituents such as business inventories. Productivity methods may be look at cooperatively cross-ways the whole economy or watched industry by industry to inspect tendencies in labor growth, wage levels and technological development.<span />
One that would be beneficial to myself and my family.
An enterprise resource planning system is most effective for this application.
<u>Option: C</u>
<u>Explanation:</u>
The centralized monitoring of large corporate activities, mostly in live time, and through software often technology mediation, highlighted as a Enterprise resource planning. ERP is generally understood as a type of information management tools that a company can utilize to acquire, store, process, and analyze data from multiple business operations.
It offers a constantly updated and organized representation of key firm operations by utilizing popular databases managed by a database management process. ERP programs monitor the capital of firm like: raw material, money, manufacturing capabilities and business obligations status like: order of purchase and payroll.
<span>Through specialization, both producers and consumers benefit. On the producer side, specialization allows producers to best use their resources in the most efficient manner possible by playing to their strengths, thus maximizing profit. On the consumer side, the fact that producers are specialized and thus efficient in their production ensures lower production costs than if products were made by less-specialized producers, translating into lower consumer-facing prices.</span>
