intangible capital of a business that includes human capital (well trained and knowledgeable employees), structural capital (database and information system) and relational capital (good links with customer, supplier)
1 of 8
Production
converting input into output
2 of 8
Level of production
number of units produces in a time period
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Productivity
highest ratio of output to input during production
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Efficiency
producting output at the highest ratio of ouput to input
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Effectiveness
meeting the objectives of the enterprise by using input productively to meet customer's needs
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Labour intensive
involving a high level of labour input compared to capital equipment
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Capital intensive
involving a high quantity of capital equipment compared to labour input
8 of 8
Other cards in this set
Card 2
Front
converting input into output
Back
Production
Card 3
Front
number of units produces in a time period
Back
Card 4
Front
highest ratio of output to input during production
Back
Card 5
Front
producting output at the highest ratio of ouput to input
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