Examlex
Return on investment and revenue growth may be examples of
Efficient
The effectiveness of processes or actions in achieving outcomes with the least waste of time or resources.
Effective
The degree to which something is successful in producing a desired result; efficiency.
Open System
A concept where an organization is viewed as an entity that interacts with its external environment, exchanging resources and information.
Resource Inputs
The resources (such as labor, capital, and materials) that are required for the production process or to perform services.
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