Production, productivity and efficiency

Methods of production used by business include job, flow, batch and cell production. A key goal for any business will be increasing their productivity, calculated by output divided by input (and not to be confused with total production), as this will help them to reduce their costs per unit and improve competitiveness. Efficiency is about making the best possible use of resources and a key consideration in doing this is to get the balance right between labour intensive and capital intensive production. #Alevelbusiness #edexcelbusiness #aqabusiness #ocrbusiness #production #productivity #efficiency