IGCSE, A Level Business Student Forum

Q11 Analyse the reasons of measuring productivity of the business. [6]

Possible Structure:
[KN]
[AN]
[AN+]

[KN]
[AN]
[AN+]

[kn] performance evaluation
[an] bcz the performance ffor individual help to evalute the performanve of teams or an individual employee this can be used for identifying high performers and addressing area that may nned improvemnt
[an+] thus solve the issues of the business related quality control or oroductivity

[kn] cost mangemnt
[]an] productivity measure help in assesssing the cost effectiveness of operations and business identify area where cost can be reduced without sacrificing the quality
[an+] thus lead t bette financial mangemnt an imprve profitability

[KN] Performance Evaluation
[AN] Measuring productivity helps us see how good we are at using our resources, like people and machines. This way, we can find out what's working well and what needs improvement.
[AN+] By figuring out these things, we can make our whole team work better, be more competitive, and make more money.

[KN] Resource Optimization
[AN] Measuring productivity helps us use our time, people, and money in the smartest way possible. It helps us make good decisions about where to invest our resources.
[AN+] When we invest wisely, we save money, use our resources better, and make sure our business stays healthy and successful in the long run.