CFAI defines Technology of production as the “rules” of transsformation from factors of productions into final goods/services.
Can I assume what they’re trying to say is Technology of Production means the efficiency of the production process?
CFAI defines Technology of production as the “rules” of transsformation from factors of productions into final goods/services.
Can I assume what they’re trying to say is Technology of Production means the efficiency of the production process?
In my opinion, ‘rules’ govern a system and relate to work-flow, or the process of taking an object from raw input to finished good. ‘Efficiency’ is the end measurement of that system. However, you basically got the concept - tech is efficienct, production is the rule-order.