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What do you understand by " productivity" and "efficiency"? Can you discuss three reasons why both concepts matter in any production activity?© BrainMass Inc. brainmass.com July 21, 2018, 2:15 am ad1c9bdddf
Productivity is concerned with quantity or output whereas efficiency is concerned with quality. Productivity focuses on achieving certain output or quantity related goals, such as producing X number of units in a given timeframe whereas efficiency is focused on output with least waste or output produced with least possible use of ...
Discusses the concepts of productivity and efficiency in production.