Examlex
Service companies do not transform raw materials into finished goods.
Division of Labor
Division of labor is the assignment of different parts of a manufacturing process or task to different people in order to improve efficiency.
Productivity
A measure of average output or real output per unit of input. For example, the productivity of labor is determined by dividing real output by hours of work.
Workers' Abilities
The skills, expertise, and competencies that employees possess, which contribute to their performance and productivity in the workplace.
Time Loss
The amount of productive time lost due to various reasons, such as equipment breakdowns, illnesses, or inefficiencies.
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