___________ is a common measure of how well a country, industry, or business unit is using its resources (or factors of production).

Related MCQs

• ___________ is the ratio of available goods and services to the potential resources of the community or the country.
• Production manager, should be a ________ person, which will enable him to do various innovative functions, in a well-planned manner.
• Production System, is a complete step-wise, process because a proper _________ is followed in production management.
• The ability to rapidly increase or decrease production levels or shift production capacity quickly from one product or service to another is called____________.
• __________ is the process of, creating a new product, which is to be sold by a business or enterprise to its customers.
• __________ concept is used to measure the company’s quality.
• Factors affecting Product Design includes _______ and ______ perspectives.
• In Production Management, at every next level some _______ is added to the previous level.
• ___________ is one of the objective of Production Management.
• __________ is responsible for all the activities related to production of goods and services.