x-efficiency

x-efficiency ˌx-efˈficiency noun [uncountable] COMMERCE HUMAN RESOURCES
the ability of a business to achieve the best results in the most economic way in relation to the number of employees, machines etc it has:

• the x-efficiency of commercial banks in Hong Kong

— x-efficient adjective :

• An organization is perfectly x-efficient if it produces the maximum output possible from its inputs.

* * *

x-efficiency UK US noun [U] ECONOMICS, PRODUCTION
a situation in which a company or a particular machine produces the largest possible number of goods with the time, materials, or labour that it has available: »

The report showed that banks were still operating at 60% below the x-efficiency level.

See also TECHNICAL EFFICIENCY(Cf. technical efficiency)
Compare X-INEFFICIENCY(Cf. ↑x-inefficiency)
x-efficient adjective
»

The joint-stock banks were found to be more x-efficient than the state-owned commercial banks.


Financial and business terms. 2012.

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