x-efficiency Meaning in the Cambridge English Dictionary

Meaning of “x-efficiency” in the English Dictionary

"x-efficiency" in Business English

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x-efficiencynoun [U]

a ​situation in which a ​company or a particular ​machineproduces 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.
The joint-stock ​banks were ​found to be more x-efficient than the state-owned ​commercialbanks.
(Definition of x-efficiency from the Cambridge Business English Dictionary © Cambridge University Press)
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