0
What else can I help you with?
What is the distinction between final goods and intermediate goods in the production process?
Final goods are products that are ready for consumption by end-users, while intermediate goods are used in the production of other goods and are not meant for final consumption.
What is simultaneity of production and consumption?
It refers to the idea that the production and consumption of a service occur simultaneously, making it impossible to produce and store a service prior to consumption.
Could production and consumption take place with money?
could production and consumption take place without money
Which person studies the production distribution and consumption of goods and services?
An Economist studies the production distribution and consumption of goods and services
What is the relationship between consumption and production?
Production and consumption is another way of saying supply and demand. If production far exceeds consumption for a particular product, the market becomes flooded or saturated and the price of the product goes way down. If consumption far exceeds production, there is a major shortage of the product, so its price goes way up. It is usually best to produce just enough to keep your prices competitive. However, it is certainly not a bad thing to put so much quality into certain products that it causes production to be far below market demands, as long as your customers recognize the difference in quality and are willing to pay extra for it. I think that is the sort of corporate behavior that builds brand loyalty.
What is the distinction between final goods and intermediate goods in the production process?
Final goods are products that are ready for consumption by end-users, while intermediate goods are used in the production of other goods and are not meant for final consumption.
What are examples of inseparability services?
Inseparability in services refers to the simultaneous production and consumption of a service, meaning they cannot be separated from their providers. Examples include a haircut, where the stylist and the client must be present for the service to occur, and a live concert, where the performers and the audience experience the event together in real-time. Other examples are personal training sessions and restaurant dining, where the interaction between the service provider and the customer is essential to the experience.
What is the explanation for the relationship between production and consumption?
between consumption production
Difference between production gains consumption gains?
that in production you sell and in consumption you buy:)
Indian heritage in production and consumption in Indian ethos?
Indian heritage in production and consumption
What do you mean by inseparability?
Inseparability means - Not capable of being separated . In other words - indivisible . Example- These rocks are inseparable.
What is simultaneity of production and consumption?
It refers to the idea that the production and consumption of a service occur simultaneously, making it impossible to produce and store a service prior to consumption.
Could production and consumption take place with money?
could production and consumption take place without money
Which person studies the production .distribution and consumption of goods and services?
An Economist studies the production distribution and consumption of goods and services
Which person studies the production distribution and consumption of goods and services?
An Economist studies the production distribution and consumption of goods and services
What is an antonmy for production?
An antonym for production is "consumption." While production refers to the process of creating goods or services, consumption involves the use or purchase of those goods and services by consumers. Essentially, production focuses on output, whereas consumption emphasizes input and utilization.
What is service inseperability?
Service inseparability means that a service is typically produced and consumed at the same time and location, making it impossible to separate the production from the consumption. This is in contrast to tangible products which are typically created in advance and then consumed later. This characteristic of services highlights the importance of a customer's experience during the service delivery process.
