A Service Had 1320 Customers in One Week, with 200

question 3

Essay

A service had 1320 customers in one week, with 200 labor hours.The next week, the service had 1380 customers with 220 labor hours.What was the productivity growth from period 1 to period 2?

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Definitions:

Maturity Matching

A strategy in finance where the duration of investments in assets is matched with the duration of liabilities or obligations, aiming to reduce financial risk.

Net Operating

Refers to the profit a company makes from its usual business operations, before taxes and interest, indicating the financial health of the company's core activities.

Short-term Rates

Interest rates applying to loans or debt instruments with maturities typically less than one year; often influences other rates in the economy.

Inventory Conversion Period

The average length of time to convert materials into finished goods and then to sell them; calculated by dividing total inventory by sales per day.