The Production Budget for The Firm was $42,000,000.
importer and exporter(domestic company ) international firm multinational firm from multinational firm to global business
emphasise on efficiency of production in a firm
production function is relation between firm's production and material factors of production
The chain of production is the different stages involved in the production of a particular product :)
there are three stages of production mp>ap
Three stages of production are increasing marginal returns, diminishing marginal returns, and negative marginal returns.
When a business or a firm produce large amount of production, then it is called large scale of production.