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What do you mean by Improving Productivity?
Improving Productivity:
The concentrate of production is creation of goods, might be by the transformation of raw materials or through assembling so several small parts.
The four factors of production are land, capital, labour and Enterprise Management. Management consist of together land, labour and capital for production of input within output. It organizes other three factors of production within an operating unit. Through equitable and efficient combination of the right form of factors of management, production can raise productivity.
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Backward Integration A strategy in which an organization builds competitive benefits by controlling the provider of the raw materials needed to make its products.
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