Operational efficiency is:
A) driving the business strategy
B) ensuring the right tasks are performed
C) decreasing the firm's input requirements
D) increasing the firm's output
E) performing operations tasks well

Question

Quizplus · Accepted Answer

Operational efficiency refers to performing operations tasks well, which can result in a decrease in input requirements or an increase in output. While it may help with driving the business strategy or ensuring the right tasks are performed, these are secondary to the primary goal of performing operations tasks well.

Operational Efficiency Is