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In the PEST analysis, what factors help a business produce its products more effectively and efficiently
Multiplicand is a number that is to be multiplied by another number to produce a product.
Direct labor is a product cost because without labor no product can be produce and it has direct relation with production of goods.
Every number multiplied by its reciprocal produce 1.
Fixed costs are costs that donot vary with the quantity of the product produce and have no relation with volume of product like administration staff salary or building rent etc.
absolute advantage
Absolute Advantage
Comparative Advantage
The ability to produce a product or service at a better cost is called increase productivity. The United States of America leads the world in productivity.
because all factors of production cannot be equally efficiently be used to produce one product than the other...
In the PEST analysis, what factors help a business produce its products more effectively and efficiently
absolute advantage
The principle of absolute advantage refers to the ability of a party (an individual, or firm, or country) to produce more of a good product or service than competitors, using the same amount of resources.
The amount of product a firm is going to produce depends on the quantity demanded by the people. In economics it is called the supply.
Business time management strives to produce a better product more efficiently in less time through effective time management, from bosses to the lowest workers.
produce is used in agriculture product is used in manufacturing
The specific gravity of a product can be found on the material