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Closing a factory can significantly impact many businesses in a town by disrupting the local economy. It may lead to job losses for factory employees, resulting in decreased consumer spending at nearby shops and services. Additionally, suppliers and service providers that rely on the factory for contracts may also face financial strain, leading to a ripple effect throughout the community. As a result, the overall economic health of the town could suffer, affecting both small businesses and larger enterprises alike.
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How would Friends of the earth affect the operations of a retail firm?
They would have to relocate businesses elsewhere.
Why would an inefficient factory close down under capitalism?
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.
How does technology affect productivity in an economy?
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.
What is the importance of being a wise consumer?
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.
What is the enternal and external for the firm?
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
How would Friends of the earth affect the operations of a retail firm?
They would have to relocate businesses elsewhere.
When a factory pollutes a river the costs and losses that affect people downstream would be called?
external loses
What would be the definition of closing?
What would be the definition of closing in a letter?
Where could one find trench coats for men?
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.
How does businesses affect the community?
they could be potential employees and customers who can help the organisation be successfully. without the community there would be no business
Which are two importants canals which is closed can affect 40 percent of the world trade?
Panama Canal & the Suez Canal closing would be an economic disaster.
Looking into material handling solutions.?
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.
which development would most reflect karl marx's belief in the economic system that he predicted would replace free markets?
That workers would share all profits generated from a factory
Does closing a credit card with a balance affect your credit rating?
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!
Would closing a credit card damage my credit score?
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.
What is the opposite of opening?
The opposite of opening would be closing or shutting.
What are the pros and cons of factor retraining in a factory that uses robots?
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.
