Production Can Be Best Described as

C All levels of output that can be generated from given levels of inputs. The basic objective of production management is to provide the right quality goods in the right quantity at right time and best price.

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11 The underground economy can be described as A production of intermediate goods and services.

. Produced by a competitive firm. The economy of the United States can best be described as laissez-faire capitalism. The four factors of production are.

2 Medium Question 3. B The production activity control system is responsible for executing the materials requirement plan and the. Making tangible products 3.

Asked Dec 22 2019 in Business by jackiejones928. The objective of production. D production of infrastructure that spurs growth in the rest of the economy.

What sets an organisation apart. Economies of scale Buyer switching costs Barriers to entry Mobility barriers 3. Manufacturing involves the activities and processes used in.

A strength of the organisation. The production technique that is most efficient is the one that produces a given amount of output. D All levels of inputs that could produce a given level of output.

For an automobile manufacturing company labor money and energy are examples of _____. Obstacles which potential newcomers would encounter when entering a market are called. The process involved in manufacturing steel rods.

A The maximum profit generated from given levels of inputs. B economic production that includes mining. Chapter 8 Which of the following can be best described as production.

Increasing the factors of production used in creating a good can increase production but it is the more efficient use of those factors that leads to. Often a productivity measure is expressed as the ratio of an aggregate output to a single input or an aggregate input used in a production process ie. The shift of the production possibilities frontier from A to B can best be described as.

A downturn in the. A downturn in the economy. The process involved in manufacturing steel rods.

Competitive advantage can best be described as. B The maximum level of output generated from given levels of inputs. Production activity control can be best described as a.

Production is the organised activity of transforming resources into finished products in the form of goods and services. A the way one dresses b one s concern for production and people c how one interacts with management d the way one deals with the problem. Aany activity that turns raw materials into finished goods.

An improvement in the allocation of resources. Production can be defined as. Time to fully process a single product.

Bany activity that makes and sells goods and services. A production function can best be described as which of the following. In managerial Grid an individual s style can be best described as which of the following.

At the lowest total cost. Output per unit of input typically over a specific period of time. Firms will choose the production techniques that will give them the maximum price and revenues.

An enhancement of equality b. Unlike one can find operations management in every organization ie. Is concerned with individual economic units and specific markets.

Study of the large aggregates of the economy or the economy as a whole. Dany activity that makes a profit. The shift of the production possibilities frontier from A to B can best be described as Answers.

C economic activity that is hidden from the government to avoid taxes or because the activity is illegal. A high quality product. Which of the following statements best describes a production function.

Productivity describes various measures of the efficiency of production. Throughput can be best described as the rate at which a system generates its products or services per unit of time. The products of service organizations tend to be _____ than those of.

Businesses often measure their throughput using a mathematical equation known as Littles law which is related to inventories and process time. Cany activity that is designed to satisfy wants. Economics questions and answers.

Macroeconomics can best be described as the. The concept of core competencies was. Manufacturing concerns service-oriented firms banks hospitals agencies etc.

An enhancement of equality. O A A graphical depiction of what can and cannot be produced with a given amount of inputs O B The quantity of inputs required to produce each unit of output in a given amount of time O CThe relationship between the quantity of inputs and quantity of outputs produced in a. An improvement in the allocation of resources.

The process involved in manufacturing steel rods.

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