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Patents are a form of monopoly that society allows because they are?
Encourage frims to research and develop new products that benefit society as a whole.
What types of economy's is most likely to develop new and better products?
A Market economy is most likely to develop new and better products.
Did Adam smith helped develop the assembly line and mass production?
Adam Smith's theory on the division of labour helped develop assembly lines. He said that specialization would lead to higher efficiency because a worker can become an expert at the one small job.
What factor of production would Steve Jobs of Apple Inc. get classified as?
Steve Jobs would be classified as an entrepreneur, which is a key factor of production. Entrepreneurs are individuals who innovate, take risks, and organize the other factors of production—land, labor, and capital—to create and deliver goods and services. In his role at Apple Inc., Jobs combined creativity and leadership to develop groundbreaking products and drive the company’s growth. His vision and strategic decisions significantly impacted the technology industry.
This image illustrates a form of production that began to develop in Europe around the 16th century. How was this form of production a consequence of European economic practices in the Americas?
Europeans used colonies in the Americas to provide them with raw materials to be made into finished goods.
In a market economic what encourages firm to develop new products and production processes?
patents
What is the field that applies science to the production of biological products?
Biotechnology is the field that applies science to the production of biological products. It involves the use of living organisms or their systems to develop products in areas such as agriculture, medicine, and industry.
How can linear programming be utilized to develop an aggregate plan for production?
Linear programming can be used to develop an aggregate production plan by optimizing the allocation of resources to meet production goals while minimizing costs. This mathematical technique helps in determining the best combination of production levels for different products to achieve maximum efficiency and profitability.
Why designers develop new products with a limited lifespan?
I guess they do so because most products can be 'outdated' due to ever changing social and cultural influences.
What did the Industrial Revolution develop that allowed mass production?
factories with production lines
Are a form of monopoly that society allows because they?
Encourage frims to research and develop new products that benefit society as a whole.
Patents are a form of monopoly that society allows because they are?
Encourage frims to research and develop new products that benefit society as a whole.
Is product development a cross functional activity within an organization?
Absolutely. I work in a paper mill and when we develop new products we involve everybody from sales and marketing to the production guys on the floor and everybody in between.
Define bio technology?
Biotechnology is the use of living systems and organisms to develop or make useful products, and it is usually seen in agriculture, food production and medicine production. Modern use of similar terms includes genetic engineering as well as cell and tissue culture technologies.
What products does Noxzema develop?
Products that Noxzema develop are skin care products. They make skin cleansers, after sun cream, facial cleanser, make up remover, face cream and shaving cream.
What types of economy's is most likely to develop new and better products?
A Market economy is most likely to develop new and better products.
When did children's apparel production develop?
early in the twentieth century
