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What are the Factors increase in service businesses?
Labor productivity, quality of the service rendered, and machinery are the factor increase in service businesses. Customer service is another factor.
What is definition for non-factor services?
Non Factor Services refer to all invisible receipts (i.e. receipts/expanses from services, remittances etc) or payments that are not attributable to any of the conventional `factors of production' (i.e labor - say - remittances from overseas migrants and capital - income from investments, interest payments, dividend repatriation etc).Thus, non-factor services include any foreign exchange earnings or expenses on account of tourism, shipping,freight and various `miscellaneous' sub-heads like software, BPOetc.
What is x6 as a product of the same factor?
x * x * x * x * x * x
What are some external opportunities for a publishing company?
What are some exteranl factor opportunities in a publishing company
What are the challenges faced by entrepreneurs when starting a business?
time management is a big factor by managing risk getting customers
the machinery and tools used to create a product are part of which factor of production?
capital
Why are factors of production important in business?
Factors of production are important in business because managers can improve their position when they know what contributes to production. The type of machinery used in production is a factor in production.
What factor of production includes people with all their efforts abilities and skills?
value
Tow truck is an example of what factor of production?
A single example of a capital factor of production is a tow truck. The technology, machinery, equipment, and tools utilized in the production of products and services are referred to as capital. A tow truck falls under the capital category as it is a piece of equipment utilized in the towing and recovery sector.
What Factor's of production?
The four main factors of production are: labor, capital, Natural Resources, and entrepreneurship.Examples of each:Labor- the mental/physical effort used to produce goods/servicesCapital- includes machinery to produce and distribute goods/services (such as factories)Natural Resources- land, oceansEntrepreneurship- selling products door-to-doorspeed and effieciency
What are factor of production?
The four main factors of production are: labor, capital, Natural Resources, and entrepreneurship.Examples of each:Labor- the mental/physical effort used to produce goods/servicesCapital- includes machinery to produce and distribute goods/services (such as factories)Natural resources- land, oceansEntrepreneurship- selling products door-to-doorspeed and effieciency
Why is the garbage truck factor of production?
Physical Capital consist of things like machinery equipment, factory, bulding, computers & even hand tools
Which factor of production includes such things as plants and minerals used to create products?
The factor of production that includes plants and minerals used to create products is natural resources. These resources are essential for various economic activities and can be renewable or nonrenewable.
Is a factor of production?
Factors of production refers to the inputs of the production process.Factors of productions are resources that produce goods and services.There are four categories of factors of production:Land: Natural Resources that we use to produce goods and services such as oil, gas and goal, water, etc.Labor: the work time and work effort that people devote to producing goods and services. This includes human capitalwhich is the quality of the labor forming from knowledge and skills of the person obtained from education, on-the-job training and work experience.Capital: the tools, instruments, machine, buildings and other items that are used to produce goods and services. This includes machinery, hammers, etc.Entrepreneurship: the human resource that organizes labor land and capital. This includes the idea, plan, etc about how and what to produce.
What do economists consider factor of production?
enumirate the different factor of production?
What was the Production Budget for Chill Factor?
The Production Budget for Chill Factor was $34,000,000.
What is factor price?
the cost of factor of production
