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What three kinds of resources does a business need to manufacture products?

Natural resources, human resources, and capital resources.


Business term for the process of developing and promoting the differences between one's products and other similar products?

Advertising.


Why is physical resources important?

It is important becasue the business needs to ensure the equipment are correctly fitted and products are highly standard so that the business increases sales. If the business fails to do so it can lead to loss of customers waste of products and failure of business


How do you acquire resources?

Resources are the input products for business entity. From which all our daily life products are manufactured. Therefore we should avoid wastage of resources in industries. utilisation of scarce resources is very important. We have to manufacture by products from the rescources which we are utilising without wasting them. Ex: Sugar can be manufactured from Sugarcane. By using its pulp paper can be manufactured


What is full form of GCT?

The GCT stands for the General Consumption Tax. This applies to all businesses who consume business products such as insurance packages.


Helps conserve nonrenewable resources by reducing your need for minerals?

Reducing your consumption of nonrenewable resources like minerals can help to conserve them for future generations. This can be achieved through recycling, reusing products, and choosing sustainable alternatives. By being mindful of your resource consumption, you can contribute to preserving the Earth's finite resources.


Why should a company put its energy into developing new products?

Any product has a lifetime of four stages. This lifetime may be longer or shorter depending on the type of the product, advertising and other factors. If a business stops developing new products their old products will eventually stop bringing them money and a company will stop operating.


What is the difference between domestic and international strategic planning?

International business is a business that is primarily based in a single country but acquires some meaningful share of its resources or revenues (or both) from other countries. As compared to this a domestic business is one which acquires all of its resources and sells all of its products or services within a single country. Thus the essential difference between the two is localized resource procurement and selling of products in the case of a domestic business and acquiring resources or selling or both, from and in international markets in the case of international business.


What are three kinds of resources that business need to manufacture products?

You would need a person, a store, and something to put in the store


Do people use mineral resources?

Yes, people use mineral resources for a variety of purposes such as building materials, energy production, manufacturing, and even as ingredients in everyday products like cosmetics and electronics. Mining operations are conducted worldwide to extract these resources for human consumption.


What is capital resources used for?

Capital resources are tools used to create other tools and services for a companies' business. Kraft needs buildings and machinery to make food products to sell.


Higher price lead to less consumption?

yes it is.. higher price'll definitely leads to less consumption of resources. because the higher priced products are aimed only for the upper class people..so if people of middle class want to buy that..price comes into view..hence it leads to lesss consumption..