When a retailer uses productivity objectives,it is referring to the productivity of which resources?

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Productivity objectives usually refer to the efficient allocation and utilization of resources within a retail business. In this case, the resources are likely to be space, labor, and merchandise, as these are critical inputs for retail operations. By setting productivity objectives, a retailer can ensure that these resources are used in the most effective ways to promote growth, profitability, and customer satisfaction. Market comparison, profitability, and net worth are important metrics for overall business performance, while financial leverage and asset turnover are more relevant to financial management. Sales and owner's equity are undoubtedly important for retail businesses, but they may not be the primary focus of productivity objectives.

When a Retailer Uses Productivity Objectives,it Is Referring to the Productivity