Business Efficiency
Achieving maximum output from a given level of inputs; producing goods or services at minimum cost without sacrificing q...
Formula
Labour productivity = Output ÷ Number of workers
Real World
Amazon's fulfilment centres use robotics and optimised picking routes so that each worker processes significantly more orders per hour than in a traditional warehouse, lowering the cost per unit dispatched.
Exam Focus
Link efficiency improvements to a specific financial outcome (lower unit costs, higher margins) to reach the analysis mark in 'explain' questions.
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