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What does production efficiency mean?
A
Getting a given output using the cheapest resources available, with no waste.
B
Getting the highest possible output using the same resources, with little waste.
C
Getting a given output using as many resources as possible, with little waste.
D
Getting a given output using as few resources as possible, with little waste.
Card 1 of 26
3.1.2 Efficiency in production Flashcards
26 flashcards on AQA GCSE Business 3.1.2 Efficiency in production: the key terms, formulae and case studies you need to recall for Paper 1 and Paper 2.