Efficiency indicators in different dimension
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There are several variations of efficiency definitions and of course ratios concerned with efficiency. A better understanding of the
notion of efficiency is critical to dissolve ambiguity about it. Many confuse efficiency with other supposedly synonymous notions such as
profitability, successfulness, competitiveness, liquidity or productivity. This ambiguity originates not only in subjective reasons, but the lack
of hierarchical order among certain ideas. The primary driver in our research is, to systematize efficiency in general, and formulate a new
categorical approach of the efficiency in corporate level.