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Why a company might change its use of different factors of production?
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What is the relationship between change management and company performance?
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.
What are fixed and variable costs and break even?
Fixed Cost = This is the cost which does not change with change with in the certain range of production of units.Variable cost = This is the cost which change with the change of level of production but it is also remain fixed according to per unit.Break even point = It is the point upto the production of units level where company is at no profit no loss leve less then this level company in loss morethen this level company in profit.
How did the apple computer change production?
because apple is the most cheap company in the world
What factors cause the supply curve to shift?
Change in: production costs; production environment; price of related good; law; labour demand/price.
How do fixed cost different from variable cost?
Variable costs are different in this sense that fixed cost remains fixed and it has no impact of change in production level while variable cost changes with the change in production level.
What factors influence organizational change?
Many factors influence organizational change. Many of them are external, meaning that items outside of the company like technology, politics, society, etc. can produce change. There can also be internal influences causing change inside the company coming from policies, procedures, management, etc.
Classification of inputs in economics?
-these are inputs that do not change with the volume of production.This means, wheter you produce or not, these factors of production are unchanged. -these inputs change in accordance with the volume of production. NO production means NO variable inputs, while more production means more variable inputs. -sage- :P e-add: sage.ronquillo@yahoo.com
What is production era?
What is a production era? What happened in production era? What is the production era about? What is production era in marketing? The focus of the production era was on? What is the production era in marketing? What is the explaination for production era? What are the products during production era? What is production era with relevent examples? State one company that was involved in production era? Which came first the production era or the entrepreneurial era? An era in which a change from houehold industries to factory production is called what? What was the era in which a change from household industries to factory production using powered machinery took place?
What is product era?
What is a production era? What happened in production era? What is the production era about? What is production era in marketing? The focus of the production era was on? What is the production era in marketing? What is the explaination for production era? What are the products during production era? What is production era with relevent examples? State one company that was involved in production era? Which came first the production era or the entrepreneurial era? An era in which a change from houehold industries to factory production is called what? What was the era in which a change from household industries to factory production using powered machinery took place?
What is the different between short run long run?
short run is a period which is not enough to change or alter the quantities of all of the factors of production. therefore, some factors of production are fixed in this period because you do not have enough time to change the quantities of them. so, in this period i.e., short run, some factors are fixed and others are variables. however, in long run, you have all the factors of production as variables as you have enough time to change them or replace them. for ex:- if you have two factors of production, labor and machinery. it might be difficult for you to replace machinery in short run. however, difficulty might not arise in the case of labor. so in short run you would say that labor is variable and machinery is fixed. but in long run, both of your factors are variable because you have enough time to alter their quantities. usually, in economics, we call a period of 1 year or less as short run. and a period of more than 1 year as long run. but this might not be suitable i every case. this time may vary from situation to situation.
What is the role of the price system?
In economics, a price system determines the allocation of scarce resources and induces supply to respond to change in demand. It also rations out scarce product, indicates change in want, is in use in the production of goods and services, and determines the reward factors of production.
