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“Profits are the result of productivity. Productivity is defined as ‘the effectiveness of effort as measured in terms of the rate of output per unit of input.’ Profit exists within this margin. Therefore, any desire to increase profits must include reasonable actions to improve productivity.” — Hendrith Vanlon Smith Jr
Profits are the result of productivity. Productivity is defined as ‘the effectiveness of effort as measured in terms of the rate of output per unit of input.’ Profit exists within this margin. Therefore, any desire to increase profits must include reasonable actions to improve productivity.