productivity
The amount of output per unit of input (labor, equipment, and capital). There are many different ways of measuring productivity. For example, in a factory productivity might be measured based on the number of hours it takes to produce a good, while in the service sector productivity might be measured based on the revenue generated by an employee divided by his/her salary.
Related Terms
Related Terms on BusinessDictionary
long term objectives
total quality management (TQM)
autonomous maintenance
marginal productivity theory of income distribution
business process improvement (BPI)
marginal productivity theory of wages
cost effect
natural rate of employment
organizational culture
strategic objective
data exposure
operating cash flow to sales ratio
economic environment
operational performance
experience curve
Rucker plan
fixed asset turnover ratio
supply shock
Fordism
Taylorism
gains sharing
technology multipliers
group incentive program
throughput
total quality management (TQM)
autonomous maintenance
marginal productivity theory of income distribution
business process improvement (BPI)
marginal productivity theory of wages
cost effect
natural rate of employment
organizational culture
strategic objective
data exposure
operating cash flow to sales ratio
economic environment
operational performance
experience curve
Rucker plan
fixed asset turnover ratio
supply shock
Fordism
Taylorism
gains sharing
technology multipliers
group incentive program
throughput
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