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Suppliers have an incentive to increase output when price is higher than cost of production .true or false?
Wiki User
∙ 14y ago
true
Wiki User
∙ 14y ago
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What motivates suppliers to increase production in the face of high demand and high prices?
The suppliers increase production with higher prices because there is more profit margin.
How do capital resources increase production for a company?
Capital resources equal more goods and services produced in the future, for a higher profit. This is how having more resources increases production and profit in the long term.
Why do suppliers use price rather than production to resolve problem excess deman?
If supply increases and demand remains unchanged then lower equilibrium price and higher quantity. Suppliers cannot be assured of product sale, and product equilibrium price may be lower than cost of product, due solely to market saturation
What is the tendency of suppliers to offer more of a good at higher price?
Law of Supply
Will the problem of scarcity disappear overtime as standard of living increase?
The problem of scarcity will eventually disappear with the development of new trchnology and resulting higher levels of production?
What motivates suppliers to increase production in the face of high demand and high prices?
The suppliers increase production with higher prices because there is more profit margin.
What motivates suppliers to increase production the face of high demand and high prices?
The suppliers increase production with higher prices because there is more profit margin.
In travian how do you increase your wheat production?
Upgrade wheat production fields to a higher level to increase your wheat production
What are the aims of labor incentives?
The main objective of any labour incentive scheme is to increase profitability. Therefore, incentive schemes are usually aimed to increase the levels of employee satisfaction, corporate belonging and loyalty which are all expected to result in higher productivity with higher level of efficiency.
What are the aims of labor incentives schemes?
The main objective of any labour incentive scheme is to increase profitability. Therefore, incentive schemes are usually aimed to increase the levels of employee satisfaction, corporate belonging and loyalty which are all expected to result in higher productivity with higher level of efficiency.
Does paying workers higher salaries increase worker turnover?
Paying higher than competitors for the same work LOWERS my turnover. My employees have less incentive to leave.
What is meant by a sales incentive plan?
A sales incentive plan is a business tool used by sales managers to boost the working force to increase sales in the retail store establishment. Incentives can be cash rewards, higher commissions, upgrade in the company or a worthwhile raise.
Encouragement to strive for higher goals or profits?
incentive
How do diary farmers use breeding to increase milk production?
By selecting cows that have the best milk production in the herd and breeding them to bulls whose dams also had superior milk production, resulting in heifers with higher milk production than their dams.
How will consumers to the incentive of a higher price on a good service?
The negative incentive will cause consumers to purchase less of a good or service if it is of lower quality
List of causes of unfavorable direct material price variance?
1.rise in price. if price will be higher than the budgeted price then unfavourable 2.shortage of suppliers. this led to increase in price
What was the Production Budget for Higher Ground?
The Production Budget for Higher Ground was $1,800,000.
