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1 year ago

Scarcity of a key resource or input into the production process

Business

1 answer:

vladimir2022 [97]1 year ago

5 0

Scarcity reduces the producer's ability to manufacture a limitless number of goods, thus limiting output.

<h3>What is the production process?</h3>

Producers may have to make the difficult decision of which product to prioritize for manufacture out of a variety of items using limited resources.

Overall, a lack of resources or manufacturing inputs results in a smaller number of goods or services available on the market, which has an impact on customers by forcing them to make difficult purchasing decisions.

Therefore, when something is scarce, more people want it than can be supplied.

Learn more about, scarcity, here:

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What is a negative externality

ICE Princess25 [194]

Answer:

exists when a production or consumption of a product results in a coast of third party

8 0

1 year ago

Grey owns the surface rights for High Desert Ranch, which includes a house, a bunkhouse, and two barns. Industrial Mining Inc. o

Maslowich

Answer:

Industrial Mining

Explanation:

Industrial Mining is the one who is responsible for the damage as the industrial mining is the company who owns the project for drilling in the surface rights and to extract the oil but due to drilling wrongly, it leads to the surface subsides and the structure collapsed where as the Grey is not responsible as it owns the surface rights for the High desert bunch comprise of bunk house and house.

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3 years ago

Companies increasingly strive to achieve the ______ performance when formulating their corporate strategy.

user100 [1]

Answer:

triple bottom line

Explanation:

Companies increasingly strive to achieve the triple bottom line performance when formulating their corporate strategy. The triple bottom line (TBL) is a framework used in business that focuses on equally on social/environmental concerns as well as profits, thus creating three equal points of interest (bottom lines) which are profit, people, and the environment. This leads to a successful and balanced company.

8 0

2 years ago

Job order production is also known as: Select one: a. Mass production. b. Process production. c. Unit production. d. Customized

lidiya [134]

Answer:

Option (D) is the right answer.

Explanation:

According to the question, customized production is the most appropriate answer because job order production refers to the manufacturing process which is unique & customized according to the customer's needs.

While the other options are wrong because of the following reasons:

Mass production can be described as a large number of production for the same product.

Process production can be defined as the production which takes place through a similar process for all the products.

Unit production can be defined as the number of production of the items.

Standard costing can be defined as the costing which occurs on the production of the product.

Hence the most appropriate answer is option (D).

8 0

2 years ago

Anheuser-Busch/InBev Company, Inc., has been given the exclusive right to the name Budweiser and is legally protected from other

vichka [17]

Answer:

trademark

Explanation:

A trademark is a property which is intellectually a sign or a design which helps in the recognition of the product. The design or sign which particularly defines and helps in the identification of a product is said to be a trademark of a product. A trademark can be found on the location of the packaging, label or the product. Legally, it is recognized as intellectual property.

3 0

2 years ago