In economics, a factor of production, resource, or input is what is used in a production process to produce products, i.e. goods or services.
The amounts of various inputs used determine the amount of output according to a relationship known as the production function. The relationship between the inputs a firm uses and the maximum output it can produce with those inputs is called the firm's production function. Factors of production are outputs or inputs used to produce goods and services. They are the resources a business needs to make a profit by producing goods and services. Factors of production fall into four categories: Land, Labor, Capital, Entrepreneurship.
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Answer:
75% is the work center utilization
Explanation:
Mathematically;
Utilization = (Actual Output/Design capacity)*100
From the question;
Actual output = 300
Design capacity = 400
Substituting these values in the equation, we have:
= (300/400)*100
= 0.75*100
= 75%
Answer: 6.42%
Explanation:
To calculate this, we use the formula for the Dividend Discount Model/ Gordon Growth Formula as follows:
P = D1/(r - g)
Where,
P = current stock price
D1 = Next dividend
r = required return
g = growth rate
We can make r the subject of the equation by,
P = D1/(r - g)
P(r - g) = D1
r - g = D1/P
r = D1/P + g
Calculating therefore we have,
r = 2.65/43.15 + 0.045
= 0.06417728852
= 6.42%
6.42% is the required return.
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Freedom of ownership is part of the government and the public sector business environment.
<u>Explanation:</u>
Freedom of ownership or a sharing vision offers a number of opportunities in the business environment. It allows the government to control the costs, generate the economies of scale and bargain costs down internally.
The freedom of ownership permits access to complex, specialized skills that can not be sourced locally. So this allows the government sector or the public sector environment to run the business successfully and to run it efficiently.
Answer:
The correct answer is the option A: social marketing.
Explanation:
To begin with, the concept called <em>''social marketing''</em>, in the world of business, refers to the process of implementing the marketing mix strategies to the organization with the purpose of focusing and caring about the good of the community as a whole. Moreover, it also benefits the company due to the fact that it shows a great corporate social responsibility. Furthermore, it aims to influence behaviors that benefit individuals and societies for the greater social good.
