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What is the managerial use of production function?
In microeconomics, a production function asserts that the maximum output of a technologically determined production process is a mathematical production of input factors of production.
Relationship of production function with other functional area of production management?
The production function in management needs the keen division of labor and monitoring of inputs. Production relates to other functions which include design, process management, storage and transportation.
What is forecasting and why is it necessary in production function?
Forcasting is nothing but expectation/estimation.It is most important function in production process because ---->To procure raw materials in timely without disturbing production process. ----> To control over pricing of raw materials ----> Controlling material wastages of short term life
What is the production function and types of production function?
production function is relation between firm's production and material factors of production
What are the four factors of production in the private enterprise system?
Land, labor, capital, enterprise
What is the use of production function?
In microeconomics, a production function asserts that the maximum output of a technologically determined production process is a mathematical production of input factors of production.
What is the managerial use of production function?
In microeconomics, a production function asserts that the maximum output of a technologically determined production process is a mathematical production of input factors of production.
What are the four factors of producktion?
the four factors of productions is dervied from the input of the production process.... they are landlabour capital and enterprise.
How the different parts of the plant function in the process of food production and reproduction?
lpc
Relationship of production function with other functional area of production management?
The production function in management needs the keen division of labor and monitoring of inputs. Production relates to other functions which include design, process management, storage and transportation.
What is forecasting and why is it necessary in production function?
Forcasting is nothing but expectation/estimation.It is most important function in production process because ---->To procure raw materials in timely without disturbing production process. ----> To control over pricing of raw materials ----> Controlling material wastages of short term life
What is meant by production functionin accordance to managerial economicswhat does production function mean?
Production means which we are planning to make a thing with mixing of raw materials with some process it called production.
What is the production function and types of production function?
production function is relation between firm's production and material factors of production
What are the four factors of production in the private enterprise system?
Land, labor, capital, enterprise
What are the functions of the organ of speech?
They function in the process of speech production. Each performing different specific functions
What is short run production function?
if at-least one factor of production is constant, production function is infact short-run production function
Who decides production in free enterprise economy?
the government
