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it contributes towards society by creating employment opportunities to the member of that particular society

increases the standard of living of people by that purchasing power of the people increases there by economic development..

competitive advantage...

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Write down the importance of production function in business administration?

mans a don doe


Importance of ict in business?

Importance of using ict in buisness is that improves the buisness complexity and function as well as reduce work production and lastly help organize a buisness.


What is the production function and types of production function?

production function is relation between firm's production and material factors of production


What is short run production function?

if at-least one factor of production is constant, production function is infact short-run production function


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Importance of production possibility curve in allocation resources


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s shift in production function


Is the word importance and function the same?

No, importance and function are not the same. Importance refers to the significance or value of something, while function refers to the purpose or role that something serves. A function describes what an object does, while importance describes how valuable it is.


What are the importance of purchasing and function?

what is the importance of purchasing


Explain the importance of flow production group technology level production and scheduling.?

importance of product flow


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.

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