Question: Is It Effective or Is It Efficient? Making business decisions is a key skill for all managers. Review the following list and, determine whether the
Is It Effective or Is It Efficient?
Making business decisions is a key skill for all managers. Review the following list and, determine whether the question is focusing on efficiency, effectiveness, or both.
| Business Decision | Efficiency | Effectiveness |
| What is the best route for dropping off products? |
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| Should we change suppliers? |
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| Should we reduce costs by buying lower-quality materials? |
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| Should we sell products to a younger market? |
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| Did we make our sales targets? |
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| What was the turnover rate of employees? |
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| How many new customers purchased products? |
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| Did the amount of daily transactions increase? |
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| Is there a better way to restructure a store to increase sales? |
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