5276273
Description
Flashcards by А. Эрхэс, updated more than 1 year ago
More
|
Created by Injir Och
over 8 years ago
|
|
|
Copied by А. Эрхэс
over 8 years ago
|
|
| Question | Answer |
| Added value | The difference between the cost of purchasing raw materials and the price the finished goods are sold for |
| Production | Converting inputs into outputs |
| The level of production | Number of units produced during a time of period |
| Productivity | The ratio of outputs to inputs during production, e.g. output per worker per time period |
| Efficiency | Producing output at the highest ratio of output to input |
| Effectiveness | Meeting the objectives of the enterprise by using inputs productively to meet customers' needs |
| Labour intensive | Involving a high level of labour input compared with capital equipment |
| Capital intensive | Involving a high quantity of capital equipment compared with labour input |
Want to create your own Flashcards for free with GoConqr? Learn more.