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3 years ago

What can a business do to increase productivity

Business

2 answers:

Lemur [1.5K]3 years ago

8 0

Explanation:

Productivity is something which increases the efficiency of production. For example productivity is the production of one unit of product in lesser time than it was previously being produced or the use of less resources to produce the same item. The efficiency of production can be increased through various ways.

Businesses can increase their efficiency of production by replacing the old technology with the new technology that reduces the production time. Businesses may hire more competent workforce that bring out new ideas to do work and reduce the production time. Also businesses can hire skilled workers who can do the same task in less time than the previously working worker who take long time to produce a unit of product.

topjm [15]3 years ago

3 0

Answer:

Just keep scrolling

Explanation:

Well, there are many ways to increase a business' productivity.You could try to hire more workers.That will give you more workforce.Thentry to make a deal with a supplier.It should be something simple, yet much needed.Then you can build your way up to more complicated and pricy projects.If you have anu further questions please contact me.

Yours sincerely,

Manos

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Lenora and Uma own a dog-grooming business in upstate New York, called Pawkeepsie Groomers. The dog-grooming service market is p

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3 years ago

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We need to calculate the value of the present value of the bond payment

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C 2500 (50,000 x 0.10/2)

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3 years ago

The opportunity cost of an action is always equal to: the time you give up to undertake the action. the money you give up to und

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Answer:

the next-best alternative for the resources used to undertake the action.

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That's the most complete definition.

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And associate the alternative for an specific resource.

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the opportunity cost is 60,000 which is the best alternative for the labor resources

If you are also using a space that could be rented for 10,000 That potential rent is also part of the opportunity cost,

So the total opportunity cost will be 70,000

60,000 for the labor resourse

and 10,000 for the rent resource

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