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The Importance of Productivity (Improvement)

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Question 1.- Is productivity (improvement) important?

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This solution discusses the concept of productivity improvement.

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Productivity is the key to keeping businesses viable, profitable, and sustainable. When productivity declines, operations become compromised in virtually every business industry. Productivity is the critical element in all business operations. When companies are productive, and ideally see continual improvements in productivity, it increases revenue. When revenue increases, ...

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