Identify and explain two possible benefits to TRB of improving efficiency
Oct/Nov 2018 Version 12 - 3(d)
What is productivity and efficiency and why it is important
Productivity is the measurement of the amount of output a unit of input could produce. They are measured using the following formulas...
What is economies of scale and diseconomies of scale
Economies of scale happens when a business grow large enough to enable them to lower average cost, while diseconomies of scale happens...
How technology influences production
Technology can change production methods, improve productivity, quality and efficiency.
What is motivation and why it is important
Motivation is an employees aspirations to do a good job at their work.