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Q. A retail store has sales of $45,000 in April and $56,000 in May. The store employs eight full-time workers who work a 40 hour work week. In April the store also had seven part-time workers at 10 hours per week and in May the store had nine part-timers at 15 hours per week. Using sales dollars as the measure output, illustrate what is the percentage change in the productivity from April to May?
This solution explains some of the risks that are inherent with doing business in China. For many global companies, China represents a highly attractive market in terms of size and growth rate.
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