11 Analyse the reasons of measuring productivity of the business. [6]

Ch 18 Production of goods and services

Moderators: Salman Khalid, Syed Mustafa Ali

Post Reply
Sir Afzal Shad
Grand Commerce Guru
Posts: 305
Joined: Sun Oct 22, 2023 10:10 pm
Has thanked: 19 times
Been thanked: 2 times

11 Analyse the reasons of measuring productivity of the business. [6]

Post by Sir Afzal Shad »

Q11 Analyse the reasons of measuring productivity of the business. [6]

Possible Structure:
[KN]
[AN]
[AN+]

[KN]
[AN]
[AN+]
ayyan ali
Enterprise Emperor
Posts: 112
Joined: Mon Oct 23, 2023 6:23 pm
Been thanked: 2 times

Re: 11 Analyse the reasons of measuring productivity of the business. [6]

Post by ayyan ali »

[kn] performance evaluation
[an] bcz the performance ffor individual help to evalute the performanve of teams or an individual employee this can be used for identifying high performers and addressing area that may nned improvemnt
[an+] thus solve the issues of the business related quality control or oroductivity

[kn] cost mangemnt
[]an] productivity measure help in assesssing the cost effectiveness of operations and business identify area where cost can be reduced without sacrificing the quality
[an+] thus lead t bette financial mangemnt an imprve profitability
Syed Mustafa Ali
Grand Commerce Guru
Posts: 238
Joined: Mon Oct 23, 2023 10:07 pm
Location: Pakistan
Has thanked: 1 time
Been thanked: 3 times

Re: 11 Analyse the reasons of measuring productivity of the business. [6]

Post by Syed Mustafa Ali »

[KN] Performance Evaluation
[AN] Measuring productivity helps us see how good we are at using our resources, like people and machines. This way, we can find out what's working well and what needs improvement.
[AN+] By figuring out these things, we can make our whole team work better, be more competitive, and make more money.
:ugeek:
[KN] Resource Optimization
[AN] Measuring productivity helps us use our time, people, and money in the smartest way possible. It helps us make good decisions about where to invest our resources.
[AN+] When we invest wisely, we save money, use our resources better, and make sure our business stays healthy and successful in the long run.
Post Reply

Return to “Ch 18 Production of goods and services”