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Selection of appropriate labor in a business?
Selection of appropriate labor relates to the type of labor that will be vital for use in a business.
Why are factors of production important in business?
Factors of production are important in business because managers can improve their position when they know what contributes to production. The type of machinery used in production is a factor in production.
What type of manufacturing business did Adam smith use to illustrate the effects of the division of labor?
The Pin Making Business
What factors influence the types of production a business should use?
the factors that influence the types of production a business should use are:-the size of the market,the type of production demanded,technological aspects of the product that is demanded andis it able to be produced by using the flow production method.
4 factors of production?
capital:man-made machines usedentrepreneurship:person that starts a businessland:all natural resources found in the landlabor:all human resources
Type of labor necessary in a business?
what are the types of labour necessary in a business plan
Type of labor necessary in a food business?
unskilled, semi-skilled and skilled labor
What types of labor are necessary for a business?
Depending on the type of business it is either skilled, semi-skilled or unskilled
Selection of appropriate labor in a business?
Selection of appropriate labor relates to the type of labor that will be vital for use in a business.
What type of cost is direct labor?
direct labor is direct cost attributable to production of goods.
Why are factors of production important in business?
Factors of production are important in business because managers can improve their position when they know what contributes to production. The type of machinery used in production is a factor in production.
What are the factors affecting plant production?
There are four factors of production: Land, Labor, Capital and Organization. In any business entity production process is completes through employing these factors of production. Land gets the rent, labor gets wages, capital the interest and organization gets the proft earned by any business entity.
What is the difference between 'direct labor' and 'indirect labor'?
Direct Labor: it is the type of labor which is directly related with the manufacturing of product in factory Like people directly working on machines for production of goods. Indirect Labor: it is the type of labor which is labor in nature but do not directly relate with the production of goods or without which the product can still be made like Supervisor in factory who supervise the workers working on machines to produce any product.
What type of educational background is necessary for a laundromat business?
potatoes.
Describe the inputs required by a business labor?
Inputs for business labor include workers and raw materials. The type of raw materials used varies depending on the product.
What type of manufacturing business did Adam smith use to illustrate the effects of the division of labor?
The Pin Making Business
Type of labour necessary in a business?
skilled, semi- skilled and unskilled
