Questão | Responda |
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 |
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