Class Notes (835,759)
Canada (509,376)
MGTA02H3 (143)
H Laurence (21)
Lecture

Lecture 1 Notes

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Department
Management (MGT)
Course
MGTA02H3
Professor
H Laurence
Semester
Winter

Description
MGTA04-Lecture 1 Efficiency: increase output for same input Effective: matching output to environment so people buy your goods and services. Productivity o Measure of efficiency o How much is produced relative to the resources used to produce it o Productivity increases when more is produced for the same input o Measured on country wide basis o Labor productivity = GDPtotal number of workers o In Canada productivity is decreasing Because we cant mechanize our industries (e.g. lumber) o Service indus
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