Productive Efficiency Is Generated by

question 111

Multiple Choice

Productive efficiency is generated by

• A)competition among buyers.
• B)competition among sellers.
• C)government inspectors.
• D)government production rules and regulations.

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Definitions:

Assertiveness

The quality of being self-assured and confident without being aggressive, important for effective communication and negotiation.

Cooperation

Collaboration and working together towards a common goal, often resulting in shared benefits and achievements.

Innovation

The process of translating an idea or invention into a good or service that creates value or for which customers will pay.

Feedback

Information provided as a response to an action or behavior, intended to guide future actions.