Textbook Notes (367,832)
Canada (161,442)
MGTA01H3 (583)
Chapter 2

Chapter 2.doc

2 Pages
123 Views
Unlock Document

Department
Management (MGT)
Course
MGTA01H3
Professor
Chris Bovaird
Semester
Fall

Description
Chapter 2 Increasing Productivity and QualityProductivity a measure of efficiency that compares how much is produced with the resources used to produce itQuality a products fitness for use in terms of offering the features that consumers wantResponding to the Productivity Challenge Measuring ProductivityLabour productivity partial productivity ratio calculated by dividing gross domestic product by total number of workers Productivity among Global Competitors Domestic Productivity A country that improves its ability to make something out of its existing resources can increase the wealth of all its inhabitants Conversely a decline in productivity shrinks a nations total health When that happens an increase in one persons wealth comes only at the expense of others with whom he or she shares an economic systemManufacturing versus Service Productivity manufacturing productivity is higher than service productivity Industry Productivity In addition to differences between the manufacturing and service sectors industries within these sectors differ vastly in terms of productivity Agriculture is more productive in Canada than in many other nations because we use more sophisticated technology and superior natural resourcesCompany productivity high productivity gives a company a competitive edge because its costs are lower As a result it can offer its product at a lower price and gain more customers or it can make a greater profit on each item sold Increased pr
More Less

Related notes for MGTA01H3

Log In


OR

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


OR

By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.


Submit