Productivity Growth Occurs When

question 9

Multiple Choice

Productivity growth occurs when

• A) there are more inputs.
• B) firms can produce more output per unit of input.
• C) more output is produced.
• D) employees work extra hours.

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Definitions:

Forest Management

The practice of managing and using forests sustainably to maintain their ecological health, support biodiversity, and fulfill economic, ecological, and social purposes.

Sustainability Practices

Refers to the adoption of business strategies and activities that meet the needs of the enterprise and its stakeholders while protecting, sustaining, and enhancing the human and natural resources that will be needed in the future.

Supplier Capabilities

The range of services, products, and efficiencies a supplier can offer to meet the purchasing needs of a company.

Industrial Market

The market for goods and services purchased by businesses and organizations for use in production, operations, or resale.