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Why might a company move its production factory from Texas to Mexico?

To take advantage of lower labor costs


Why might a company move ots prodution factory from Texas to Mexico?

To take advantage of lower production costs, including wages and tax incentives from the Mexican government.


What are reasons companies might NOT want to move manufacturing to china?

1. Higher costs of transport from factory to retailers. 2. Some problems with product quality. 3. Longer period from production to delivery to the shops. 4. More and more consumers want to support local production. 5. Bad opinions about products made in China.


What is and Costs of production that affect people who have no control over how much of a good is produced referring to?

Costs of production refer to the expenses incurred by businesses in creating goods or services, including costs like raw materials, labor, and overhead. People who have no control over production levels, such as consumers or workers in affected industries, may face fluctuations in prices and job stability due to changes in these costs. For instance, if production costs rise, companies might increase prices, impacting consumers' purchasing power, or they may cut jobs to maintain profit margins, affecting workers' livelihoods. Thus, production costs can significantly influence the economic well-being of individuals who are not directly involved in the production process.


What are the ways to reduce fixed costs without lowering production?

Difficult to do, but you might be able to move into a smaller production facility and run two shifts; that way one production line can be in operation for a longer period but with lower rent, power and utility costs. However, you may discover that a shift differential pay eats up all your savings.


Which determinant MIGHT increase supply in the market?

One determinant that might increase supply in the market is a decrease in production costs. When the costs of raw materials, labor, or energy decline, producers can manufacture goods more efficiently, leading to an increase in supply. Additionally, advancements in technology can enhance production processes, further boosting supply. Increased government subsidies for certain industries can also incentivize producers to supply more goods.


How mych can convertadle cost?

It seems there might be a typo in your question. If you're asking about "convertible cost," it typically refers to costs that can change based on the level of production or activity, such as variable costs. If you meant "convertible currency," please clarify, and I can provide a more specific answer.


What are some examples of the law of increasing opportunity costs?

The law of increasing opportunity costs states that as production of one good increases, the opportunity cost of producing additional units rises. For example, if a country shifts resources from wheat to produce more cars, it may initially sacrifice a small amount of wheat, but as more wheat is sacrificed, the loss in wheat production becomes greater. Similarly, a factory producing shoes might find that reallocating workers to make bags results in more significant reductions in shoe output as skilled labor becomes less suited for bag production. This principle highlights the inefficiencies that arise when reallocating resources between different goods.


What is the difference between a blacksmith and a factory?

A blacksmith is a person who is stilled in working with iron. A factory is a place where many people work to make something that is sold. A factory might involve thinks made of iron, but it might not.


Is club hill elementary closed?

it might be


When evaluating the production function during a SWOT analysis you would look for?

When evaluating the production function during a SWOT analysis, you would look for strengths such as efficient processes and advanced technology that enhance productivity. Weaknesses might include outdated equipment or high production costs that hinder competitiveness. Opportunities could involve innovations in production methods or potential partnerships to improve supply chain efficiency. Threats might include external factors such as supply chain disruptions or regulatory changes affecting production capacity.


Why might someone be in search on Cheesecake Factory recipes?

Someone might love the recipe and want to be able to make it at home is one reason someone might search for Cheescake Factory recipes. Another reason someone might search the recipes for the Cheesecake factory is they might have a health condition such as diabetes and need to make a version that is lower in sugar.