This question contains two parts;be sure to answer both.First,define productivity and explain why increasing productivity is important.Second,imagine that you are the manager of a large chain grocery store.Suggest at least three ways that you might improve productivity at the store.
Productivity is the ratio of outputs to inputs,or (goods + services)/(labor + capital + materials + energy).It is important to companies because it determines their profitability and survival.It is important to the nation because the higher productivity is,the more available goods and services are to us,and the higher our standard of living.Based on the definition,managers can raise productivity by making substitutions or by increasing the efficiency of any resource (labor,capital,materials,or energy).
Managers can also do the following to improve productivity:

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The Answer of This question contains two parts;be sure to answer both.First,define productivity and explain why increasing productivity is important.Second,imagine that you are the manager of a large chain grocery store.Suggest at least three ways that you might improve productivity at the store.
Productivity is the ratio of outputs to inputs,or (goods + services)/(labor + capital + materials + energy).It is important to companies because it determines their profitability and survival.It is important to the nation because the higher productivity is,the more available goods and services are to us,and the higher our standard of living.Based on the definition,managers can raise productivity by making substitutions or by increasing the efficiency of any resource (labor,capital,materials,or energy).
Managers can also do the following to improve productivity:

This Question Contains Two Parts;be Sure to Answer Both