5.1 Factors of production Capital 5.1 Factors of production KE Y I DEA The four factors of production are land‚ labour‚ enterprise and capital. Land This means the land itself‚ and any natural resources that come with it. So oil‚ natural gas‚ bauxite‚ fertile soil‚ a pleasant climate and sandy beaches are all included in this factor of production. Every business uses some physical space – though‚ for example‚ a bank or small home-based business uses much less land than an agricultural
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entertainment and information ever since the invention of the electron scanning tube in 1923 by Vladimir Kosma Zworykin‚ who is considered the father of the modern television. With the conversion to digital format 1080i in 1998‚ there has been a boom in the production of different types and technologies for Televisions. A new generation of televisions has been developed‚ including liquid crystal display (LCD)‚ rear projection‚ and high definition that provide amazing visual characteristics and can be integrated
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Marketing involves satisfaction of consumer needs’: Man is a social animal. Human needs and wants are shaped by interplay of various social forces. Marketing evolves through this peculiar social system. It involves relationships among members of the society. It helps business enterprises to estimate consumer demand and produce for their satisfactory consumption. It helps in anticipating customer demand and creating satisfied customers through conception‚ production‚ promotion and physical distribution
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I. Introduction Production of Smoked Fish is a form of business. Its primary product is smoked fish (tinapa) which is with an exceptional variety of fish. The business offers not just the typical kind of smoked fish rather an smoked fish that would not just satisfy the appetite of the consumers but will also provide numerous benefits. The smoked fish they produced will offer several product with different kinds (bangus‚ tulingan‚ and buraao‚ ). The production will also have a salted egg and tomato
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ANSWERS Answer 1: * Vendor-managed inventory (VMI) is a family of business models in which the buyer of a product (business) provides certain information to a vendor (supply chain)supplier of that product and the supplier takes full responsibility for maintaining an agreed inventory of the material‚ usually at the buyer’s consumption location (usually a store). A third-party logistics provider can also be involved to make sure that the buyer has the required level of inventory by adjusting
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1.0 INTRODUCTION In this current era‚ businesses play the most important role in developing a country’s reputation. It is because a nation’s wealth is determined by concerning on certain aspects as one of it is the economical factor. As far as we know‚ businesses are the main sectors of a nation where it decides the economical status of a nation. Apart from that‚ banking operations are also one of the factors which contribute to the economical growth of a country. The main core business of the banking
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Briefly explain the “Treadmill of Production”. What are some indicators mentioned as outcomes of the treadmill of production? The Treadmill of Production refers to the emphasis on a system that must continue to grow and with that growth continues to produce more products and services which require more energy and resources. Along with this increasing production consumer waste also continues to grow. Some of the indicators mentioned as outcomes of the treadmill of production are the following: the number
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Factors of Production Factors of production are resources necessary to produce goods and services. There are four factors of production. The factors of production include natural resources‚ labor‚ capital‚ and entrepreneur. These factors of production are very important to our economy. Firstly‚ natural resources are “gifts of nature” that make production possible. One example of a natural resource is a tree to produce paper. Natural resources include actual surface land and water. They also
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Customers may not necessarily the same as consumers. Consumers go through a five-stage decision-making process in any purchase. It includes need recognition & problem awareness‚ information search‚ evaluation of alternatives‚ purchase‚ and post purchase evaluation. Clearly the buying process starts a before the real purchase has been made and evaluation continues long after buying a product. Need recognition & problem awareness:-the first process in the decision making process is need recognition
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Food Productions & Consumption Choices Food is one of the most needed supplies that we all need in our daily life. And with the advances of today’s technologies‚ we are able to produce bigger amount of food as compare to the older days. However‚ food production companies have taken the technology advantages to produce a massive amount of food by adding too much antibiotics and chemicals that could eventually affect the health of the consumers. Taking from the film called "Food Inc.”‚ it has shown
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