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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.
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What is the role of a captial good in the production process?
A capital good is a tool or equipment used in the production process to help create goods or services. It plays a crucial role in increasing efficiency and productivity, ultimately leading to higher output and economic growth.
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 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.
The inability of a company to gain foreign production factors to use in its domestic operations may?
Stimulate the company to adopt efficient substitute methods of production
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.
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 the role of a captial good in the production process?
A capital good is a tool or equipment used in the production process to help create goods or services. It plays a crucial role in increasing efficiency and productivity, ultimately leading to higher output and economic growth.
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
Who are the role players in production planning?
role players in production planning
Who are role players in production planning?
role players in production planning
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 an engineer in production management?
what are the role of production management-an expository study
What was the Production Budget for Role Models?
The Production Budget for Role Models was $28,000,000.
What is the role of acids and bases in paper production?
what is the role of acids and bases in the paper production?
What does production process?
production process means the art because it is in dt
What role does brewers yeast play in the fermentation process of beer production?
Brewer's yeast is a key ingredient in the fermentation process of beer production. It consumes sugars in the wort (unfermented beer) and produces alcohol and carbon dioxide as byproducts. This process is essential for creating the alcohol content and carbonation in beer.
