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what law of increasing costs means that when an economy increases the production of one item _____.
The difference between the term 'monopoly' and 'natural monopoly' is a monopoly is a market situation one group controls the availability and price of a service or item. A natural monopoly is a service or item that is provided by a single sorce. An example would be transportation like buses, or taxies.
Production from home gardeners is not used in calculating the GNP.
cost centre is a production or service location, function, activity or item of equipment for which costs are accumulated(i.e stores,canteen, farm, personnel) cost unit is a unit of product or service in relation to which costs are ascertained(i.e typewriter,thousand of washers)
In economics, the production possibility frontier (the PPF, also called the production possibilities curve (PPC) or the "transformation curve") is a graph that depicts the trade-off between any two items produced. It indicates the opportunity cost of increasing one item's production in terms of the units of the other forgone. ( hope you can build on this) -- BY ASMA In economics, the production possibility frontier (the PPF, also called the production possibilities curve (PPC) or the "transformation curve") is a graph that depicts the trade-off between any two items produced. It indicates the opportunity cost of increasing one item's production in terms of the units of the other forgone. ( hope you can build on this) -- BY ASMA
AnswerTo me the difference lies in what is being produced. A product conceptwould be an idea for an item or product. A production concept would be the concept conceived for creating the product.--------------------------------------------------------------------------------------------------------------Production Concept-consumers favor products that are available and highly affordable-improve production and distribution-also known as manufacturing conceptProduct Concept-consumers favor products that offer the most quality, performance, and innovative features
Weighted distribution is the percent of stores that a product is sold in, but weighted by the importance of the outlets, while share in stores handling is the market share of a brand/item just in the stores that stock it.
There is a huge difference between a refurbished item and a used item. A used item was once owned by another and is sold as is. A refurbished item is one that has been cleaned up and fixed, sometimes by the original manufacturer.
Engineers aply perticular technology/ applied science in an specific production. But a technologist try to find the way to build/ product an item.
The difference between damage and defect is damage is when an item is broken or destroyed. A defect is usually a mechanical defect that prevents an item from working correctly.
one off is the production of an item once, batch productions is a form of production that is applied to a large number of items all at once whilst mass production is the same but made one at a time from mass produced parts. Haven't heard of continuous production!
The basic difference is one involves selling an item to a consumer and one involves making an item to sell. Consumer education teaches the skills needed to understand consumer goods and producer education is where someone learns about production in an already established business.
Sole distribution is the only retailer in one area allowed to sell a product. Exclusive distribution is where a seller carries only one producer's product and excludes similar products of different brand.
Discount
They Both Suck!
value is the market price of an item cost in the expense incurred to obtain an item
Mass production is the production of large quantities of identical objects. Custom-made means something is a one-off, or a hand made item of a very small number