Difficulties or Problems in Measuring Productivity

Problems in measuring productivity
Following image lists main difficulties or problems in measuring productivity.Image credits © Prof. Mudit Katyani.Important challenges or difficulties in measuring productivity:Difficulty in measuring output,
Difficulty in measuring inputs,
Factorial productivity,
Changing prices of inputs and outputs,
Intangible output of service sector,
Comparison of

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Nine Main Benefits of Higher Productivity

Benefits of higher productivity
The following image depicts a list of nine benefits of higher productivity.Image credits © Prof. Mudit Katyani.The nine main benefits of higher productivity are:Higher profit,
Employees welfare,
Better return
Nice relations,
Customer satisfaction,
Good credit rating,
Goodwill,
Better credit terms, and
Low turnover.
Now let's discuss briefly these important benefits

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Explain Need or Importance of Location Planning

Importance of location planning
Location planning decisions are very important for all types of business units. This is because it affects the cost, selling price, and demand of the product. It is a non-recurring heavy expenditure. Large companies take the help of different professionals like lawyers, accountants, environmentalist, etc. for selecting the proper location of plant.Following image

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Eight Important Factors that Affect Productivity

Factors that affect productivity
The following chart shows eight factors that affect productivity.Image credits © Prof. Mudit Katyani.The eight main factors that affect productivity are:Technical factors,
Production factors,
Organizational factor,
Personnel factors,
Finance factors,
Management factors,
Government factors, and
Location factors.
Now let's discuss briefly above listed important

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