Capactiy utilisation - Study guides, Revision notes & Summaries

The document on Unit Cost and Efficiency explores operational efficiency in business operations, emphasizing how effectively resources like machinery, materials, and labor are utilized to maximize outputs. It introduces LUCC (Labour, Unit Cost, Capacity, Capacity Utilisation) as critical factors for improving efficiency, with methods such as increasing capacity utilization, enhancing labor productivity, and adopting lean production techniques. The concept of unit cost is highlighted as a key ind...