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What is the difference between GNP at market price and GNP at factor cost?
GNP at factor cost refers to income which the factors of production receive in return for their service alone. GNP at FC = GNP at Market Price - Net Indirect Taxes + Subsidies
What are the factor affecting globalisation in 21 century?
driving factor technology culture market needs product development cost Transportation and communication world economic trends(free market) management vision
What is the economies of scale?
Internal economies of scale arise when the cost per unit
What are the factor of rising cost of product?
Supply and demand are the most important factors in the rising cost of a product.
Economies of Scale definition?
Economies of scale refer to the cost advantages that a business experiences as it increases its production level. As production expands, the average cost per unit typically decreases due to factors such as operational efficiencies, bulk purchasing of materials, and improved labor specialization. This phenomenon enables larger companies to lower their costs, potentially leading to increased competitiveness in the market. Ultimately, economies of scale can contribute to higher profit margins and market share for businesses that effectively leverage them.
What are the benefits of economies of scale in business operations?
Economies of scale in business operations refer to cost advantages that come from increased production and efficiency. Benefits include lower production costs, higher profits, competitive pricing, and increased market share.
In determining the cost of bank financing which rate is the important factor?
effective rate
One Important factor influencing the delivery of health care is?
The rising cost in
In determing the cost of bank financing which is the important factor?
The most important factor in determining the cost of bank financing is the interest rate, which reflects the risk associated with lending to a borrower. This rate is influenced by the borrower’s creditworthiness, prevailing market conditions, and central bank policies. Additionally, fees and other charges associated with the loan can also impact the overall cost of financing. Understanding these components is crucial for borrowers to assess the total expense of bank financing.
Who decides the prices of stamps?
The government normally determines the cost of postage. If your are referring to collectable stamps, the price is set by the market. Rarity is the single most important factor, followed by demand and condition of the specific stamp.
What is GDP at FC?
GDP fc is the gross domestic product at factor cost. the production cost for the overall goods and services produced with in an economy. GDP at factor cost = GDP at market price + net indirect taxes net indirect taxes = subsidies - indirect taxes
Factors that influence a company to enter foreign markets?
market pottential geographic diversification excess production capacity and the advantage of low- cost position due to economies of scale source of new products and ideas foriegn competition in the domestic market.
