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Considerations for starting a business venture
Aspects that must be considered when initiating a business
Productivity
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Cards (3)
Productivity
is the
effectiveness
of
production
in terms of the
rate
of
output
per
unit
of
input
Businesses must ensure that there is a
high
rate of
productivity
in
all aspects
of its
operations
Ensure that costs are
decreased
, and outputs are
increased
to
maximise profits
