Last year, a chocolate factory made 60,000 bars employing 100 workers, each of whom worked 8 hours per day. This year, the factory produced 70,000 toys, employing 80 workers, each of whom worked 10 hours per day.

What can you say about the factory's productivity?

Productivity refers to the efficiency with which goods or services are produced. Productivity can also be expressed as a ratio of the entire output to a single input, the sum of all the inputs utilized in a production process, or the output per input, usually over a defined time period.

Explain about the productivity?

The ratio of input to output is known as productivity. Gross value added (GVA) is how we measure output, and workers are how we measure labor input (employees and working proprietors).

Productivity is typically defined as the ratio of input volume to output volume. To put it another way, it evaluates how well a country's economy employs labor and capital as production inputs to produce a certain volume of output.

A chocolate business produced 60,000 bars last year with the help of 100 employees, each of whom worked 8 hours every day. The firm, which employed 80 people and required them to put in 10 hours per day of work each, produced 70,000 toys this year. There was a 16.7% increase in output.

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Last year, a chocolate factory made 60,000 bars employing 100 workers, each of whom worked 8 hours per day. This year, the factory produced 70,000 toys, employing 80 workers, each of whom worked 10 hours per day. What can you say about the factory's productivity?

Answer :

Explain about the productivity?

Other Questions

Last year, a chocolate factory made 60,000 bars employing 100 workers, each of whom worked 8 hours per day. This year, the factory produced 70,000 toys, employing 80 workers, each of whom worked 10 hours per day.

What can you say about the factory's productivity?