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An involves the production of every stage of a product in one building or location?
factory
In what order do the three stages of production occur?
In drama and acting as well as television and movies a production has to be completed in steps to ensure the best product is put out. The three steps are pre-production, production or filming, and post-production.
How does a business use production?
If the business is of manufacturing based, then production is the key factor circling which the other activities rotate. Keeping the production cost most competitive vis a vis maintaining quality of the product during production stage are of paramount important in the said business.
Is it true if value added is the difference between the value of goods as they leave a stage of production and cost of the goods as they entered that stage of production?
true
Why is the Marginal cost curve downward sloping?
Marginal cost curve is u-shaped curve, this is due to law of variable proportion(return to factors), firstly, there is an increasing return (i.e, decreasing cost) then there is a stage of constant returns (i.e, constant cost) then lastly comes the stage of decreasing returns (i.e increasing cost), that`s why marginal cost curve first slopes downward and then slope upward and become u-shaped.
An involves the production of every stage of a product in one building or location?
factory
Involves the production of every stage of a product in one building or location?
factory
An involves the production of every stage of a product in one building or location.?
factory
What is the explanation for the law of variable proportions?
The law of variable proportions or diminishing returns has been stated by Bentham in the following manner."As the proportion of one factor in a combination of factors is increased, after a point, first the marginal and then the average production of that factor will diminishing".The behaviour of output as a result of change in the proportion of variable factors to the fixed factor can be studied through three stages.Assumptions of the Law:The state of technology is assumed be given and unchanged.The law specially operates in the short run because some factors are fixed and the proportion between factors is disturbed.Variable factor units are homogeneous or identical in amount and quality.The law is based on the possibility of varying the proportions in which the various factors can be combined to produce a product.The behaviour of these total, average and marginal products of the variable factor as a result of the increase in its amount is generally divided into three stages.Stage-I (Increasing Return)Total Product increases at an increasing rate to a particular point say F. Corresponding to the point F Marginal Product increases up to this level. From the point F Total Product goes on rising at a diminishing rate and Marginal Product starts falling -but is still higher than Average Product and the AP continues to rise. 1st stage ends where MP curve cuts AP curve from above.Stage-II (Diminishing Return)The second stage begins from the point of intersection of AP and MP curves and ends at that point where" MP is zero. At this stage both MP and AP go on falling and both of them are positive. The total product goes on rising at a diminishing rate. This stage is known as the stage of diminishing return. This is stage where a firm wishes to operate.Stage-III (Negative Return)In the third stage Marginal Product of variable factor is zero. MP curve cuts the OX-axis at point M. In this stage the Total Product starts diminishing. Total Product continues to decline. As MP is negative this stage is also known as the stage of negative return.
In what order do the three stages of production occur?
In drama and acting as well as television and movies a production has to be completed in steps to ensure the best product is put out. The three steps are pre-production, production or filming, and post-production.
What is a design modification?
A design change is the modification conducted to the product. It can happen at any stage in the product development process. The design changes that happen early in the design process are less expensive when compared to those that take place after it is introduced into full-scale production.
What is design modification?
A design change is the modification conducted to the product. It can happen at any stage in the product development process. The design changes that happen early in the design process are less expensive when compared to those that take place after it is introduced into full-scale production.
How does a product life cycle effect the production?
As there are many stages of a product life cycle the production varies greatly. During the introduction stage production is low as the demand for the product is low and the producer does not want to be left with surplus as demand might alter. In growth the production rapidly increases as more is being demanded. the laws of demand cause supply to increase in order for the producer to maximize profits. In the Maturity stage the production levels off and does not increase much as the demand has reached its peak and no more is being demanded. This is due to the product becoming obsolete or unfashionable. In the Decline stage, the production decreases as less is being demanded therefore the producer will make less of the product as they do not want to be left with surplus as demand is now negative.
How does product life cycle effect the production?
As there are many stages of a product life cycle the production varies greatly. During the introduction stage production is low as the demand for the product is low and the producer does not want to be left with surplus as demand might alter. In growth the production rapidly increases as more is being demanded. the laws of demand cause supply to increase in order for the producer to maximize profits. In the Maturity stage the production levels off and does not increase much as the demand has reached its peak and no more is being demanded. This is due to the product becoming obsolete or unfashionable. In the Decline stage, the production decreases as less is being demanded therefore the producer will make less of the product as they do not want to be left with surplus as demand is now negative.
Can you identify the impact of product life cycles on marketing decisions?
a) Introduction stage, growth stage, maturity stage, decline stage. b) Introduction stage- company focuses on promotion and production. c) Growth stage- focuses on consumer satisfaction. d) Maturity stage- company spends more on marketing to fight off competition. e) Management decides how much longer to support the product.
It is possible for a product's life cycle stage to affect its product strategy?
Yes, a product's life cycle stage significantly impacts its product strategy. For example, during the introduction stage, the focus may be on building awareness and educating consumers, while in the growth stage, strategies might shift toward scaling production and expanding distribution. In the maturity stage, companies may prioritize differentiation and cost management, while in the decline stage, the strategy may involve discontinuation or repositioning efforts. Thus, aligning product strategy with the life cycle stage is crucial for maximizing performance and profitability.
Which product is in its maturity stage?
the product in maturity stage can be bisleri & pepsi for specific product
