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In business studies, the two main ways of dividing labor are functional division and product division. Functional division organizes tasks based on specific functions or roles (e.g., marketing, finance, production), while product division groups tasks according to different products or product lines. Each approach allows for specialization and efficiency, enabling organizations to optimize their operations.
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What is meaning of labour economics?
A social science that studies and examines allocation of labour as a scarse resource and studies how to maintain it.
Why is labour necessary to run a business?
Labour is essential for running a business because it involves the human effort required to produce goods and services, manage operations, and meet customer needs. Skilled and unskilled workers contribute to various functions, such as production, sales, and administration, which are critical for maintaining efficiency and productivity. Additionally, effective labour helps foster innovation and improve service quality, ultimately driving business growth and profitability. Without labour, a business would struggle to operate and compete in the market.
What is the four resourcein microeconomics studies?
1) Labour. 2) Capital. 3) Human capital. 4) Land.
What is the difference between isocost and isoquant curve?
All the combination of capital and labour that can be used to produce a given amount of output is called an isoquant.All the combinations of capital and labour that are available for a given cost is called an isocost.
How did China attract the business of so many transnational corporations?
they attracted TNCs by the use of cheap labour and ease of entry
What is meaning of labour economics?
A social science that studies and examines allocation of labour as a scarse resource and studies how to maintain it.
What does labor means in social studies?
Labour is work
Type of labor necessary in a business?
what are the types of labour necessary in a business plan
Why in the world would your business have toothpicks made in china?
Cheap labour my friend... Cheap cheap labour
What are the advantage of labour turnover?
There are no advantages of labour / staff turnover. Staff turnover is the decrease in the amount of employees you have in your business. Presence of staff turnover indicates employees are leaving your business for some reason. There are no advantages of labour / staff turnover.
What is a group of moles are called?
LAbour
Type of labour necessary in a business?
skilled, semi- skilled and unskilled
Studies related to teaching lamaze breathing exercises during first stage of labor?
studies done on lamaze breathing during first stage of labour
What does division of labor mean in social studies?
division of labour is people specialize in different tasks and skills.
Why is labour necessary to run a business?
Labour is essential for running a business because it involves the human effort required to produce goods and services, manage operations, and meet customer needs. Skilled and unskilled workers contribute to various functions, such as production, sales, and administration, which are critical for maintaining efficiency and productivity. Additionally, effective labour helps foster innovation and improve service quality, ultimately driving business growth and profitability. Without labour, a business would struggle to operate and compete in the market.
What is the role of business environment in business organisations?
increase demand and availability of resources including capital and knowledge people and labour
Why was the labour party called labour?
it was todo with their link/care for the working class (generally doing manual labour etc in industrial britain) they appeal to this "lower" class and thus took on the name Labour.
