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Define optimal efficiency How is optimal efficiency achieved in production?
Optimal efficiency is a term used to describe the condition when a production is producing the best it can with what it has at the lowest cost possible. It is achieved in production by taking all of the production's waste product and dividing the waste product by the overhead costs. A sum of zero is the optimal efficiency.
What is the between derived demand and joint demand?
Derived demand occurs when there is a change of customers' demand on particular product and produces have to buy new production equipment, which means that the change in consumer demand for a product affects demand for all firms involved in the production of that product. Joint demand has nothing to do with changing the production equipments. In this case, demand of the product depends on demand of its compliment. For example, demand on inc depends on demand on printers.
What economic term describes a situation where one company controls all the means of production of a product and can set its own price?
Monoply..
Why is ppc convex to origin?
because all factors of production cannot be equally efficiently be used to produce one product than the other...
What is vertical integration?
It is a system of controlling all the businesses involved in the phases of production. It is often aimed at controlling the prices for a product by eliminating the competition.
A Margin traded product that enables investors to receive almost all the benefits of owning a given stock without actually owning it?
Contract For Differences
What is the best definition for vertical integration?
"above statement describes how a company's control over several or all of the production and/or distribution steps involved in the creation of its product or service,"
Nature and scope of production management and operation management?
Production management is the planning, forecasting, or marketing of a product at all stages of the product's lifecycle. Operations management is overseeing, designing, and controlling the process of production.
What is the definition of final product?
A final product is the end result of a production process, typically an item that is ready for use or sale in the market. It is the completed form of a product after all stages of production have been completed.
What is the by product if cellular respiration is not able to get through all three steps?
Lactic acid.
What production means?
Product means that you multiply two numbers together.
What is the product of all types of respiration?
The purpose of respiration - aerobic or anaerobic - is the production of ATP.
Duties of production manager in packaging industries?
The production manager is in charge of all aspects of production from start to finish. They are in charge of the factory lines and how the finished product looks.
What is a production plan?
Production plans and work schedules are important planning tools in batch and mass production. The production plan should set out information about all the stages of production, so that every product is made to the same quality.
What is the end product?
The end product refers to the final result or outcome of a process or activity. It is what is ultimately produced or achieved after all the necessary steps have been completed.
Define optimal efficiency How is optimal efficiency achieved in production?
Optimal efficiency is a term used to describe the condition when a production is producing the best it can with what it has at the lowest cost possible. It is achieved in production by taking all of the production's waste product and dividing the waste product by the overhead costs. A sum of zero is the optimal efficiency.
What is the total value of all goods and services produced in a given period of time?
Aggregate production-travis bradshaw-dyersburg tn
