Operations Management: Sustainability and Supply Chain Management (12th Edition)
Operations Management: Sustainability and Supply Chain Management (12th Edition)
12th Edition
ISBN: 9780134130422
Author: Jay Heizer, Barry Render, Chuck Munson
Publisher: PEARSON
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Chapter 1, Problem 9DQ
Summary Introduction

To determine: The reason why Country U and other countries around the world are known as the “knowledge society”. How this affects the measurement of productivity among Country U and other nations.

Introduction: Productivity is a measure of the effectiveness or capability of the machine, person, or an organization. It makes the firm competitive in the market place, as it is important for any firm to be profitable and effective. It is the ratio of output divided by the input. Here, the output can be goods or services and the input can be resources and capital.

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