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Competitiveness simply means productivity in a well-defined and coordinated area. A. True B. False

Question

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Solution

Analysis of the Statement

  1. Definition of Competitiveness: Competitiveness often refers to the ability of an organization or a country to produce goods and services that meet the test of international markets while maintaining and expanding the real income of its citizens. It encompasses various factors, including productivity, innovation, and business environment.

  2. Definition of Productivity: Productivity measures the efficiency of production, often defined as the ratio of outputs to inputs in the production process. In a broader sense, higher productivity indicates that more output is generated per unit of input.

  3. Coordination Aspect: The statement emphasizes a "well-defined and coordinated area," suggesting that not just productivity is involved but also effective organization and operation.

Conclusion

While productivity is a significant component of competitiveness, it is not solely defined by it. Competitiveness includes other factors, such as quality, innovation, and adaptability.

Final Answer

B. False

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