Business 1.0 / 5 based on 1 rating ? Business StudiesASEdexcel Created by: Kirsten VarleyCreated on: 15-04-13 15:21 Stock control The process of making sure that the correct level of stock is maintained. 1 of 5 Capacity utilisation Extent or level to which the productive capacity of a firm is being used in generation of goods and services 2 of 5 Product design The detailed specification of a manufactured item's parts 3 of 5 Productivity A measure of efficiency of a person, machine, factory, system in converting inputs into useful outputs 4 of 5 Efficiency The comparison of what is actually produced/performed with what can be achieved with the same consumption of resources 5 of 5
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