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Q: Why do business people have to take into account all the fixed costs of production overhead?
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Continue Learning about Economics

The business cycle is measured by the?

production and number of people employed


How can south Africa improve entrepreneurship as a factor of production?

Africa can improve entrepreneurship as a factor of production by investing a large amount of money on education, therefore people have more experiences. For example, Nirmit Khamar the famous farmer started his own business of selling bugs allowing him to contribute to his subourdinates.


What is the importance of studying international business?

By studying international business you will understand the ebbs and flows of investment both within and between countries and continents ( or economic blocs). Then you will see that business goes where it will make the most profit, regardless of national affiliation or consideration of how it affects people's lives. International business is also looking for areas of production where there is a good infrastructure and access to the rest of the world. Profit will always return to the home country of that business.


What is business influence?

Business Influence is about improving opportunities to enable you to do business with the people you want to do business with.


What is meant by feasibility study and what is it meant to achieve?

In basic terms, a person in charge of a business, or people looking to start a business of any kind, need to know the relationship between the COST of starting/maintaining the business, and the VALUE of the business once it is in place. By value I mean the projected income that the business will produce. In order to have the best possible estimates of these things, the people involved need to look at cost of engineering and design that has to go into the business, costs of raw materials and other kinds of resources that will be needed for building and for whatever product will be made, the availability of a work-force, and also the MARKET for the product-- are there people/companies who will buy what you are proposing to make? Is the location appropriate? Can you reasonably rely on a NEED for the product over a foreseeable time span? Can you sell the product at a competitive price, given what you will have to be spending in overhead? To achieve something is to get it, to attain it. If you want to create a successful business, and then you actually CREATE it, you have achieved your goal-- or at least your short-term goal.

Related questions

Does english-speaking peoples account for the largest percentage of global production?

English-speaking people do not account directly for global production. Production levels are determined by economic factors, technological advancements, and other variables. English is a widely used language in business and trade, but it does not imply a direct correlation to production levels.


How important production function to people to the bushiness world?

The production function is very important to the people in the business world. This is because all forms of business rely on production in one way or another.


What do you call photographs taken from airplane or helicopters?

Most people call them aerial photographs. Intelligence officers call them "overhead" because in the spy business, aerial Photography is called "overhead coverage."


The business cycle is measured by the?

production and number of people employed


What is Business network?

Network marketing is a low-overhead, home-based business that can actually offer many of the tax advantages associated with owning your own business. Network marketing is a people-to-people business that can significantly expand your circle of friends.


What is network marketing business?

Network marketing is a low-overhead, home-based business that can actually offer many of the tax advantages associated with owning your own business. Network marketing is a people-to-people business that can significantly expand your circle of friends.


How many people can you add to your Costco membership?

When getting a Costco membership, the amount of people that can be on an account is two. However, if getting a business account, there can be up to 6 people on the account.


Why do business people prefer a current account?

for regular transctions


Why do business people prefer the Current Account?

as there are no transaction limits, deposit limits as compared to savings account


What is the main business target of BB and T?

The main business target of BB&T are people who are in the need for banking services such as doing one's checking account, their savings account, and investments.


What is the difference between facebook fan page and business page?

The personal account is for friends and family to add you as a friend. You use it to play games sign up for sweepstakes and contest and converse with people. On a business account people like you page and follow your updates. U can also upload pictures on a business account but not personal flicks. People can choose whether to only view your post or see all post on a business page, which is usually geared a service of your company or you contribution to a company


What is business Mooses account on club penguin?

Passwords on club penguin are not supposed to be revealed, and you should be happy with account you have, and be trying to hack into other people's accounts.