answersLogoWhite

0

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...

User Avatar

Wiki User

13y ago

What else can I help you with?

Related Questions

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


What are the production function of Mc Donalds?

what is mcdonalds production function


What is the Importance of production possibility curve?

Importance of production possibility curve in allocation resources


What sources shift production function?

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.

Trending Questions
Select two purposes for providing feedback in the 5-Step Risk Management process (Select all that apply.? What would you call a person who looks at clothing that comes off of the assembly line to check that it was made properly? What personal skills do you possess that make you a strong candidate for this position? What are the five steps to risk management process? What are the organization of production discuss? What is the mission statement for Danaher Corporation? What are the benefits of studying techniques in conflict management in the workplace? How does a program management office show the sequence and interrelationship of all the business and technical activities required to accomplish the acquisition? What is the difference between an epic, a story, and a task in Jira, and how do they each contribute to the overall project management process? How valid and generalizable is this statement Positive attitude is the single biggest thing that can change a business? What cultural issues should a manager consider before doing business in a foreign country? What are the three basic categories of control IN RM? What is considered the best Project Management Software? Where can I inquire anything about performance management training nowadays? Risk management is a proactive decision making process to determine the best course of action in order to accomplish the mission activity and preserve the Air Force assets? Do you think management has full fledged profession? What risk management involves 5 step? What qualities and skills are important for international manager? Why is project management regarded as dynamic? What is the recommended maximum duration for a daily standup meeting to ensure it remains efficient and effective, and why should the timebox for the daily standup not exceed this limit?