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Anup Singh

Lean Six Sigma Black Belt

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  1. Efficiency

    Anup Singh replied to Vishwadeep Khatri's topic in We ask and you answer! The best answer wins!
    The meaning of efficiency in different areas mentioned below- 1. Efficiency is fundamentally reducing the amount of wasted resources that are used to produce a given number of goods or services (output). 2. Economic efficiency is the optimization of resources to best serve an economy. 3. Market efficiency is the accuracy with which stock prices reflect all of the available market information. 4. Operational efficiency is the case when stock prices reflect the cost of company operations.

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