How is efficiency different from productivity

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Each question must consist of minimum of 350 words.

1. Briefly discuss each of these terms as to the historical evolution of operations management: industrial revolution, scientific management, interchangeable parts, and division of labor.

2. Productivity should be a concern of every business organization.

A. How should productivity be defined?

B. How are productivity measures used?

C. Why is productivity important?

D. What part of the organization has primary responsibility for productivity?

E. How is efficiency different from productivity?

3. What are the principal advantages that quantitative techniques for forecasting have over qualitative techniques? What limitations do quantitative techniques have?

Reference no: EM131660893

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