Management Glossary

  Search Results: productivity
productivity
A measure of output produced per unit of input. The most common productivity measure is labor productivity, which measures the number of units produced, or more commonly the value of units produced, per hour (or possibly dollar of salary/wages) of labor. However, that is not the only possible productivity measure. For example, the productivity of capital investments -- how much output is produced per dollar invested in plant and equipment -- is also an important factor in business decisions.
Contributed by: Managerwise Staff

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