budget
Factor Market: Market where factors of production are traded for $$$ (Land, Labor, Capital, Entrepreneurship) AMD (:p lol) AND Product Market: Where final products from businesses or firms are sold by means of factors of production (i.e. target, best buy, etc.)
Economic factor, Technological factor,Political/professional factor, and Sociological factor are the four.
Firstly you will need bracelets of coarse.The second consideration is the market and supply demand.That is where location plays an important role.Setting up would require research of the local interest,and is this a viable(worthwhile) option.These considerations addressed, a reliable supplier is key to your success.The other factor to take into account is capital,working out a business plan and projections is important.
The pricing function of marketing usually applies because the price very often determines whether a person buys a certain product or not. Someone may have the desire to buy something from a trader, but if it is exorbitantly priced, it may be a turnoff. The price should also factor in the production costs so that the seller may be profitable.
Television is the main factor that can change the consumer taste and preferences. People are influenced by the TV commercials.
Budget. A+
what is designers military fear factor
enumirate the different factor of production?
The Production Budget for Chill Factor was $34,000,000.
why the labour as a mobile factor of production may be unwilling to move
the cost of factor of production
The production function for a firm is the relationship between the quantities of inputs per time period and the maximum output that can be produced. It can be calculated for one or more than one variable factors of production. The one variable factor of production function corresponds to the short-run during which at least one factor of production is fixed .
The main factor influencing production is consumer demand.
money acts as a factor of production. it is because the other factors of production are indirectly dependent on money. more the money paid to any factor of production more it will work. hence money encourages other factors of production to work more.
A location factor are the factors in which the people who are placing the factory must take into consideration.
Money is not a factor of production in economics because it is used as a way to facilitate trade, but does not actually produce goods or services on its own. Money is not considered a factor of production because it cannot be made into a good or service. It can only purchase them. Money facilitates trade, but it is not in itself a productive resource. A factor of production is an input to the production process, such as capital. Money is not capital as economists define capital, because it is not a productive resource.
If the business is of manufacturing based, then production is the key factor circling which the other activities rotate. Keeping the production cost most competitive vis a vis maintaining quality of the product during production stage are of paramount important in the said business.