_____ refers to minimising the resources an organisation must spend to achieve a specific level of desired exchanges.

Name: _____ refers to minimising the resources an organisation must spend to achieve a specific level of desired exchanges.
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Question

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Efficiency refers to how well resources are used to achieve specific goals. By striving for efficiency, an organisation aims to minimise the amount of resources (e.g. time, money, labour) needed to attain a given level of output or outcome.

_____ Refers to Minimising the Resources an Organisation Must Spend