They would have to relocate businesses elsewhere.
An inefficient factory would close down under capitalism because it struggles to compete with more efficient producers that can offer lower prices or higher quality products. As consumers gravitate towards these better alternatives, the inefficient factory faces declining sales and profitability. Over time, sustained losses make it unsustainable for the factory to continue operations, leading to its closure. This process reflects capitalism's emphasis on efficiency and competition, where only the most viable businesses survive.
Usually, new technology will increase productivity in the economy. For example, if you replace a human in a factory with a robot that can work twice as quickly without breaks, productivity would increase.
Consumer is important for businesses because they buy the product/service that the business makes. Without consumers, there would be no point to have businesses since no one will buy the goods/services. No market can exist without consumers, and the eonomy depends on customers to spend money so the people who are paid can become consumers as well.
Internal & External FactorsInternal factors that affect businesses come from within the business itself, without regard to any outside factors like customers and other businesses. External factors would be opposite.Internal factors:1) Employee Turnover/Employee Satisfaction2) Management of Resources3) Research and DevelopmentExternal Factors:1) Advertising2) Quality of business reputation, or quality of products business produces3) Competition by other businesses
They would have to relocate businesses elsewhere.
external loses
What would be the definition of closing in a letter?
Trench coats for men can be found at most retail businesses such as berlington coat factory or any coat factory. One would have the most luck during the fall.
they could be potential employees and customers who can help the organisation be successfully. without the community there would be no business
Panama Canal & the Suez Canal closing would be an economic disaster.
There are wood craftsmen who can build such picnic tables for you which would be beautiful at a reasonable cost. Also, you could contact businesses which are closing and ask them about purchasing their used merchandise.
That workers would share all profits generated from a factory
Absolutely!!! Your credit score would go down and interest might be charged. Would be more of a lose for you. Its better to close it with a paid balance!
Yes closing a credit card can damage your credit score. But as long as everything else is good it should not affect you credit rating to much. Look for tips to keep a good credit card rating.
The opposite of opening would be closing or shutting.
If the factory used robots, it would not need workers and therefore if you are a worker in a factory you would not need training in a factory that used robots because you would not be needed to work in that factory.