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The amount and value of outputs produced from set amounts of resources are known as
To see whether the business’s objectives are being met
inputs
More goods and services become available, so prices go down.
the average worker’s productivity.
productivity
Service businesses are concerned about the appropriateness of their products.
6.5 gifts per hour
dividing the dollar value of total sales by the costs of making those sales.
How does increased business productivity benefit consumers?
To see whether the business’s objectives are being met
inputs
More goods and services become available, so prices go down.
the average worker’s productivity.
productivity
Service businesses are concerned about the appropriateness of their products.
6.5 gifts per hour
dividing the dollar value of total sales by the costs of making those sales.
Gross domestic product per capita is a measure of
To see whether the business’s objectives are being met
inputs
More goods and services become available, so prices go down.
the average worker’s productivity.
productivity
Service businesses are concerned about the appropriateness of their products.
6.5 gifts per hour
dividing the dollar value of total sales by the costs of making those sales.
One way that the productivity of a business can be measured is by
To see whether the business’s objectives are being met
inputs
More goods and services become available, so prices go down.
the average worker’s productivity.
productivity
Service businesses are concerned about the appropriateness of their products.
6.5 gifts per hour
dividing the dollar value of total sales by the costs of making those sales.
Janine works for a gift-wrapping service. During a typical eight-hour work day, Janine wraps 52 gifts. What is her productivity rate?
To see whether the business’s objectives are being met
inputs
More goods and services become available, so prices go down.
the average worker’s productivity.
productivity
Service businesses are concerned about the appropriateness of their products.
6.5 gifts per hour
dividing the dollar value of total sales by the costs of making those sales.
The equipment, ingredients, and employee labor at a restaurant are all
To see whether the business’s objectives are being met
inputs
More goods and services become available, so prices go down.
the average worker’s productivity.
productivity
Service businesses are concerned about the appropriateness of their products.
6.5 gifts per hour
dividing the dollar value of total sales by the costs of making those sales.
Why is the productivity of service businesses measured differently than that of manufactur-ing businesses?
To see whether the business’s objectives are being met
inputs
More goods and services become available, so prices go down.
the average worker’s productivity.
productivity
Service businesses are concerned about the appropriateness of their products.
6.5 gifts per hour
dividing the dollar value of total sales by the costs of making those sales.
Why should productivity be measured?
To see whether the business’s objectives are being met
inputs
More goods and services become available, so prices go down.
the average worker’s productivity.
productivity
Service businesses are concerned about the appropriateness of their products.
6.5 gifts per hour
dividing the dollar value of total sales by the costs of making those sales.
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