business chap 22 definition

?
  • Created by: ngaelsa
  • Created on: 18-04-17 14:16
Intellectual capital
intangible capital of a business that includes human capital (well trained and knowledgeable employees), structural capital (database and information system) and relational capital (good links with customer, supplier)
1 of 8
Production
converting input into output
2 of 8
Level of production
number of units produces in a time period
3 of 8
Productivity
highest ratio of output to input during production
4 of 8
Efficiency
producting output at the highest ratio of ouput to input
5 of 8
Effectiveness
meeting the objectives of the enterprise by using input productively to meet customer's needs
6 of 8
Labour intensive
involving a high level of labour input compared to capital equipment
7 of 8
Capital intensive
involving a high quantity of capital equipment compared to labour input
8 of 8

Other cards in this set

Card 2

Front

converting input into output

Back

Production

Card 3

Front

number of units produces in a time period

Back

Preview of the back of card 3

Card 4

Front

highest ratio of output to input during production

Back

Preview of the back of card 4

Card 5

Front

producting output at the highest ratio of ouput to input

Back

Preview of the back of card 5
View more cards

Comments

No comments have yet been made

Similar Business resources:

See all Business resources »See all Nature of operations resources »