1. Define production. What are the factors of production? Define production: Production means the creation of Utility. Through production inputs are converted into output which can satisfy or meet wants or demands. So production is a process of transforming inputs into useable outputs. Utilities are created in three forms such as (i) Changing the form (ii) changing time and (iii) changing place. Example: Wood in a forest generally has no utility to a consumer but cutting the wood‚ changing
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1920’s the production industry was on the rise‚ growing at an exponential rate. Business was booming and there were numerous new inventions to help production move faster and cheaper than ever before. One of the better known of these was the introduction of the assembly line by Henry Ford. The line and it’s simple car design allowed him to build a car so fast and so cheap that none of his competitors prices could even compete. Someone once said he could build a car for everyone. Many industries were just
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1865. Several slave states that declared secession formed the Confederacy. The issue of the war was slavery. The South depended on it and the North wanted to abolish it. So what caused this war? This paper will argue economics was the most important factor in starting the war. However Social and Political differences played a big role. Economics took the biggest part in the cause of the Civil War because the South’s economy
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TWO-WHEELER AUTOMOBILE INDUSTRY IN INDIA By group IX‚ MBA ‘Sec A’ Submitted to : Submitted by : Mrs. Smitha Nayak Anooj Balachandra Chandrakanti
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Competitive automobile industry and the client’s requirements The automotive companies need to implement‚ and maintain high standards of Total Quality Management practices to match up to the competitive automobile industry and the client’s requirements‚ this has been considered as infrastructural strategy in the operations management research fields. Due to the competition‚ the clients demand for quality‚ hence making it one of the biggest factors of consideration for company’s survival in
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Age group 16- 30 41 91% 31-40 4 9% 41-50 0 0% 51-60 0 0% Gender Male 27 60% Female 18 40% Occupation Service 5 11% Business 2 4% Professional 2 4% Student 36 80% Annual Family Income < 2.5lacs 13 29% 2.5 lacs - 5lacs 18 40% 5 - 8 lacs 10 22% 8 lacs & above 4 9% Do you own a car ? Yes 26 58% No 19 42% Which car do you own or you would like to own ? Maruti 12 27% Honda 10 22% Ford 3 7% Toyota 3 7% Hyundai 10 22% Other
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Should salary be the most important factor in choosing career? Nowadays‚ many graduates consider salary as a key factor when they are looking for a job. They turn down many job opportunities due to low salary and set their minds to get a high-salary job. Should salary be the most important factor in choosing career? In my opinion‚ I don’t think salary should be the most important factor in choosing a career. People may neglect many other things that worth to pursue in one’s life if they put salary
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Was Trade the Most Important Factor of the Growth of the British Empire. Do You Agree? At the Cutty Sark I learned that the ship traded tea from China. It was able to carry 10‚335 tea chests. It left from London with mining gear‚ beer‚ coal and household goods. This shows that trade was quite an important factor for the Empire because people were able to use items and foods that they did not get in their own country and it also increases colonisation because some people from the UK would stay
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What is the most important factor when building an empire? In this essay I will write about what is the most important factor when building an empire. The different groups that are important when building an empire are Ideological; social‚ economic and political .These groups each have different ways which are important in building an empire such as the social factor and the political factor‚ the social factor is more to the all the countries in the empire will be allies and is also letting the
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which have brought some changes in our life. One of the most prominent features of the present century is the progress of science and its effects on almost every aspect of social life. Nowadays‚ more and more new things invented to make our life more comfortable and convenient. It is difficult for us to point out which inventions changed human’s life the most‚ but in my opinion the three most remarkable inventions changed the world the most are the creations of electricity‚ aircraft and computer
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