efficiency

Definition

How easily and inexpensively transactions can occur.

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Related Terms

price efficiency -

capital efficiency -

economy of scale - More

franchised monopoly

increasing returns to scale

Mentioned in these terms

efficiency ratio

Related Terms on BusinessDictionary

variable production overhead efficiency variance
Taylorism
best time
throughput
manufacturing technology (MANTECH)
energy factor (EF)
betterment
total assets to sales ratio
marginal condition
equity
breakthrough goal
total factor productivity (FTP)
merit increase
turnover ratios
capital expenditure (CAPEX)
figure of merit
capital intensity
value for money (VFM)
cash turnover ratio
operational performance
Fordism
value for money audit
chain of command
operations metrics
fuel cell
vertical market system (VMS)
clock speed
order of magnitude
human performance
workflow automation
Coase's theorem
Organization and Methods (O&M)
coefficient of performance (COP)
Pareto optimum
key performance indicators (KPI)
direct labor efficiency variance
collection period ratio
information literacy
contract cost analysis
project cycle
initiatives
fixed production overhead variance
critical success factors (CSF)
absolute performance standard
inventory to cost of sales ratio
fixed production overhead volume efficiency variance
density of cargo
activity based management (ABM)
rationalization
labor idle time variance
downsizing

Popular 'Economy' Terms

GDP
recession
inflation
command economy
bear market

demand
fiscal policy
monetary policy
deflation
cyclical

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Nearby Terms

effective par
effective rate
effective sale
effective tax rate
effective yield
efficiency
efficiency ratio
efficient frontier
Efficient Market Theory
efficient portfolio
efficient surface

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