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What two factors determine the amount of added value that a business is able to add dugring the production process?
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Who own the factor of production?
Business firms own the factors of production.
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.
How the factors of production have change throughout the four eras of business?
The four eras of business are natural resources, capital, personal resources, and entrepreneurship. The factors of production have changed through these eras by what drives the business will change.
Where can one find information about the factors of production?
There are definitions on the factors of production located on the Wikipedia website, Investopedia and also Business Dictionary. The four factors of production are the following; land, labour, capital and enterprise.
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.
Explain the factors detemimining working capital requirements of a firm?
The nature of the business, seasonality of production and the production cycles are some of the factors that determine the working capital requirements of a firm.
Who own the factor of production?
Business firms own the factors of production.
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 determine the volume of production?
hwo to damand the cause of good sold.....how to determine the demand of production
What determine price?
The price determinates are the factors that will determine the price of a particular commodity, These factors are quantity supplied, quantity demanded and the cost of production.
How the factors of production have change throughout the four eras of business?
The four eras of business are natural resources, capital, personal resources, and entrepreneurship. The factors of production have changed through these eras by what drives the business will change.
How the factors of production changed throughout the four eras of business?
Discuss how the factors of production (natural resources, capital, human resources and entrepreneurship) have changed throughout the four eras of business.
Where can one find information about the factors of production?
There are definitions on the factors of production located on the Wikipedia website, Investopedia and also Business Dictionary. The four factors of production are the following; land, labour, capital and enterprise.
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.
Factors of production OF A car?
You need to decide what features to put on the car. Then determine the prices and who you will sell it to.
What are factors of production name any four factors of production.?
Factors of production
The role of a producer?
the role of producers are organizing business activities supply of various goods efficient utilization of different factors of production expand the demands for various factors of production
