business

Efficiency
is about making the best possible use of resources.
1 of 5
production
is the total amount made by a business in a given time
2 of 5
productivity
measures how much each employee makes over a period of time.
3 of 5
Reducing overheads
such as administration, eg making some support staff redundant. Customer service may suffer as a result of this.
4 of 5
The marketing mix
is the combination of product, price, place and promotion for any business venture.
5 of 5

Other cards in this set

Card 2

Front

is the total amount made by a business in a given time

Back

production

Card 3

Front

measures how much each employee makes over a period of time.

Back

Preview of the back of card 3

Card 4

Front

such as administration, eg making some support staff redundant. Customer service may suffer as a result of this.

Back

Preview of the back of card 4

Card 5

Front

is the combination of product, price, place and promotion for any business venture.

Back

Preview of the back of card 5

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