The measure of output of goods and services relative to the input of labor,capital,and equipment is known as:
A) quality enhancement.
B) profits.
C) productivity.
D) resources.

Question

Quizplus · Accepted Answer

Productivity is the measure of output of goods and services relative to the input of labor, capital, and equipment. Quality enhancement refers to improving the quality of products or services, while profits are the monetary gains earned by a company. Resources refer to the materials, funds, and other assets used in the production of goods and services.

The Measure of Output of Goods and Services Relative to the Input