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What is productivity?
Productivity:
Productivity may be described as the ratio between input and output. Output implies the amount produced or the number of items produced when inputs means different resources employed, for example: land and Building, machinery and equipment, materials and labour. This can be increased when more products can be acquired from similar amount of inputs namely available resources. The factors that influence productivity into manufacturing and services are as follows:
a. Product or system Design.
b. Machinery and Equipment.
c. The skill and effectiveness of the worker
d. Production Volume.
prepare income statement
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