Answer to Question #187568 in Management for Segopotso Aphane

Question

Micro productivity is about

Answer 1

1)Micro productivity is about

Micro productivity is the comparing of output produced from costly input resource. Cost input is measured is labour. Thus, micro productivity is used to check the most output acquired from expensive resources to limit unit cost. Micro productivity is about checking continuous improvements of an organization's performance. Therefore, it is easy to identify if low productivity growth results from unskilled labour force, lack of investment in new machinery, outdated technology. In most public and private organizations the output of goods and services varies widely in quality, price and cost. In conclusion, micro productivity help organizations to employ a variety of costly input for instance, workers with different skills and experiences, variety of raw materials and capital invetment.