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What factors would be most likely lead a business in a highly developed nation to build a factory in a less-developed nation?
Businesses in highly developed nations may choose to build factories in less-developed nations primarily due to lower labor costs, which can significantly reduce production expenses. Additionally, access to new markets and resources, such as raw materials, can drive this decision. Favorable government policies, tax incentives, and less stringent regulations in the less-developed nation can also play a crucial role in attracting foreign investment. Lastly, companies may seek to enhance their global supply chains and diversify production locations to mitigate risks.
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What is social environment in business?
A business does not function in a vacuum. It has to act and react to what happens outside the factory and office walls. These factors that happen outside the business are known as external factors or influences. These will affect the main internal functions of the business and possibly the objectives of the business and its strategies.
Explain the three levels of production where business activity takes place and the main factors to be takes into account when choosing the location of a factory?
The 3 levels of production where business activity takes place are: 1. Subsistence level 2. Surplus level and 3. Domestic level. The main factors to be taken into account when choosing the location of a factory are: land, labour and capital.
Examples of short run business?
A short run business has more to do with contracts than a length of time. A short run business could be a factory with a limited equipment contract.
Why more capital is needed to set up a factory on a plantation than to start a household industry?
You made need more capital or money when building a factory on a plantation then what would be needed if you were starting a household business. This happens because on the plantation you would have to build the factory, as well as hiring a bunch of employees. A household business is much smaller.
The factory is an example of which factor of production?
A factory is considered capital in the factors of production. Capital is any good that was used to create other goods. Since the factory is not a natural resource it can't be land, since it's not the actual workers within the factory it can't be labor, so it has to be capital.
What is social environment in business?
A business does not function in a vacuum. It has to act and react to what happens outside the factory and office walls. These factors that happen outside the business are known as external factors or influences. These will affect the main internal functions of the business and possibly the objectives of the business and its strategies.
Who was credited for building the first American factory in 1793?
The textile industry was the first fully developed factory. It was developed by Samuel Slater. He developed a mill named Slater mill .
Explain the three levels of production where business activity takes place and the main factors to be takes into account when choosing the location of a factory?
The 3 levels of production where business activity takes place are: 1. Subsistence level 2. Surplus level and 3. Domestic level. The main factors to be taken into account when choosing the location of a factory are: land, labour and capital.
What country developed the first factory system?
ENGLAND
Where was the digital camera developed?
at the digital camera factory!
How much would it cost to build a factory?
It depends on a lot of factors....do you buy or lease the land, is it a pre-existing building, does the operations of the business work out of the factory, how large of building, of thehow much "automation" will go into the factory and how much does that cost, etc. You can look at it as a large factory where everything is automated, such as a car manufacturing plant or a small factory where they make screws.
Which is the best business organization Why?
Factory
Is a factory owners equity or asset?
Investment from factory owners is equity and it is shown in balance sheet of business.
Does Burlington Coat Factory provide business to business wholesale services to retailers?
Burlington Coat Factory does not provide business to business wholesale services to retailers. They do not do this because then they are responsible for these fake products.
Why can you not create a factory on business tycoon online?
you need a person who is factory assistant
What business did Rosa Parks work at?
The turban factory
What factors do factory owners have to think about?
the design and where the factory is built development and how to promote it to show it off and how to maintain.
