Improved Productivity Flashcards
(6 cards)
1
Q
1
A
Improved productivity
2
Q
2
A
by innovation in production technology or by the improvement in worker motivation
3
Q
3
A
Increased output per worker/machine
4
Q
4
A
Leads to the fixed costs/expenses being spread over more units
5
Q
5
A
Lower unit fixed costs
6
Q
6
A
Leading to lower unit costs increasing operating profit
