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How would effective use of resources contribute to the profit of a business -?
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∙ 8y ago
How would effective use of resources contribute to the profit of a business?
Hailee Hills
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How would effective use of resources contribute to the profit of a business?
How would effective use of resources contribute to the profit of a business?
How does business contribute to the well-being of society?
by focusing on their own profit
Which activities involve putting the resources of the business into action to generate a profit?
Operating
Is profit the only business of business?
profit is not a business of business .But the business runs with a small inception of profit
Why are costs profit and revenue important?
Revenue is important because it is the money that comes into the business and the business will be able to use it on any possible equipment or resources that are needed. Profit is important because it is the money the business has after deducting all the costs. The business will be able to spend this money on any equipment or resources that are needed. Costs is important because it helps the business see how much money this business will have after payng for all the costs.
How would effective use of resources contribute to the profit of a business?
How would effective use of resources contribute to the profit of a business?
How can profit make a company more effective and competitive?
Profit can make a company more effective and competitive in the market in various ways. The company will have more resources which it can pump into the business and do better promotions and adverts which will translate to even more profits.
Resources owned by a business?
Resources owned by a business are either assets or money that the business can use to make profit. Employees of the business are also known as human resources.
How does business contribute to the well-being of society?
by focusing on their own profit
How does accounting profit or economic profit determine how entrepreneurs allocate resources between different business ventures?
yes
Which activities involve putting the resources of the business into action to generate a profit?
Operating
Why are miscellaneous fixed assets provided bare minimum?
because there value is constant and they do not contribute to the profit generation of a business.
According to Adam Smith what directs the choices business people make about how to use their resources?
According to Adam Smith what directs the choices business people make about how to use their resources by profit.
Entrepreneurial resources are BEST described as?
Entrepreneurship Resources: A person or a group of people who recognize a business opportunity and combines land, labour and capital resources to make a profit.
Is profit the only business of business?
profit is not a business of business .But the business runs with a small inception of profit
Why are costs profit and revenue important?
Revenue is important because it is the money that comes into the business and the business will be able to use it on any possible equipment or resources that are needed. Profit is important because it is the money the business has after deducting all the costs. The business will be able to spend this money on any equipment or resources that are needed. Costs is important because it helps the business see how much money this business will have after payng for all the costs.
How is business related to administration?
One must to know that business means any activity done for earning profit; so profit can only be earned when there is useful utilization of resources ,resources may be of any kind whether human ,financail or technical etc. and obviously resources can be utilized usefully when there is some administration,it means some one who plans ,monitor and evaluate the performance of the people for achieving the goal,so buiness is closely related to administaration with administration there will be no profit and hence no business. by khan
