0
What else can I help you with?
What is an example of an intermediate good and how does it contribute to the production process?
An example of an intermediate good is steel used in the manufacturing of cars. Intermediate goods are products that are used in the production of other goods or services. In this case, steel is essential in the production process of cars as it is used to make the car's frame, body, and other components. Without steel, the production of cars would not be possible, highlighting the crucial role of intermediate goods in the production process.
What is the role of substitute in the production process?
A substitute in the production process is a good or service that can be used in place of another to fulfill the same need or function. Substitutes provide flexibility and options for producers to adjust their production methods and inputs based on availability, cost, or other factors. They can help maintain production levels and meet demand even if certain resources are limited or unavailable.
What are the role of technological advancement in nations economy?
Technology plays a key role in the advancement of economy for a nation. With modern technology a nation is able to streamline its process, multiply its production, thus adding to the economy.
What role do intermediate goods play in the production process of a final product?
Intermediate goods are materials or components used in the production of a final product. They are essential in the manufacturing process as they are transformed or combined to create the end product. Without intermediate goods, the final product cannot be produced efficiently or effectively.
What role do capital goods play in the production process and overall economic growth in the field of economics?
Capital goods are essential tools and equipment used in the production process to create goods and services. They play a crucial role in increasing efficiency, productivity, and overall economic growth by enabling businesses to produce more output with less input. In economics, the presence of capital goods allows for technological advancements, innovation, and expansion of production capacity, leading to higher levels of economic output and prosperity.
How do you explain the role of science in production process?
explain the role of science inproduction process
With two examples from industry explain the role of science in production process?
explain role of reserch in both production
What is an example of an intermediate good and how does it contribute to the production process?
An example of an intermediate good is steel used in the manufacturing of cars. Intermediate goods are products that are used in the production of other goods or services. In this case, steel is essential in the production process of cars as it is used to make the car's frame, body, and other components. Without steel, the production of cars would not be possible, highlighting the crucial role of intermediate goods in the production process.
What is the role of venture capital in the modern business world?
Provides captial. For businesses in. Need of help or grow.
Feed Mixer?
Feed mixers are used in feed mills for the mixing of feed ingredients and premixes. The mixer plays a vital role in the feed production process, with efficient mixing being the key to good feed production.
What is the role of substitute in the production process?
A substitute in the production process is a good or service that can be used in place of another to fulfill the same need or function. Substitutes provide flexibility and options for producers to adjust their production methods and inputs based on availability, cost, or other factors. They can help maintain production levels and meet demand even if certain resources are limited or unavailable.
What is the role of production manager in garment industry in india?
I am working as the Production manager in A4Creation (Ludhiana) T-shirt Manufacture and very well known of the role of a manager ....Client DealingProduction process of a companyMaintenanceRepairsSupplies
What is the role of microbes in decomposition of the commercial production of various foods?
it makes it good and tasty
Who are role players in production planning?
role players in production planning
Who are the role players in production planning?
role players in production planning
What is the role of microorganisms in production of antibiotic?
The GOOD micro-organism's role is to fight the BAD micro-organism to protect the antibiotic.So you will not get sick if you eat them.
What is the role of an engineer in production management?
what are the role of production management-an expository study
