Definitions from Business and Management X
X-Efficiency – A concept introduced by economist Harvey Liebenstein. A company’s ability to use its workers, machines, technology, etc., to produce maximum output at lowest cost and as quickly as possible.
Xenology – The scientific study and/or research of alien cultures and biology.
Xerox Machine – A piece of equipment which makes paper copies of documents, etc.
X-Inefficiency – When a company is not using its employees, machinery, resources, etc., effectively, often because of lack of competition.
Xylography – The art of engraving an image on a block of wood, or printing from woodblocks.