A measure of the efficiency with which a firm performs its transformation processes is called
A) competency.
B) just-in-time.
C) productivity.
D) labor.
E) inventory management.

Question

Quizplus · Accepted Answer

Productivity is the measure of the efficiency with which a firm or an organization performs its transformation processes, converting inputs into outputs. It is often used to gauge the efficiency of production and operations within a company.

A Measure of the Efficiency with Which a Firm Performs