{"iri":"https://folio.openlegalstandard.org/R8o666peng6V5762ClxsX1f","label":"Operational Efficiency","sub_class_of":["https://folio.openlegalstandard.org/RDDqZT9xNC4I7mH402nrpml"],"parent_class_of":[],"is_defined_by":null,"see_also":[],"comment":null,"deprecated":false,"preferred_label":null,"alternative_labels":[],"translations":{},"hidden_label":null,"definition":"Operational Efficiency is the measure of how effectively a business converts inputs into outputs. It gauges the optimal utilization of resources to maximize revenue. Commonly calculated as the ratio of output to input within a specific time period, operational efficiency is often expressed as a percentage. If that percentage is higher, then the business is more operationally efficient.","examples":[],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}