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Licemer1 [7]
3 years ago
9

List and explain the four factors of production ,stating their reward.​

Business
1 answer:
netineya [11]3 years ago
8 0

Answer:

Explanation:

Production in itself is the conversion of inputs to outputs.

Factors of production are the resources that make this conversion of input to outputs possible. These include;

Labour- is the physical and mental effort contributed. It is rewarded by wages or salaries.

Land - includes the soil itself, natural trees,  raw materials like minerals and oil found underneath. Its reward is rent.

Capital - includes machinery, chemicals and equipment (tractors, robots).  Its reward is interest.

Entrepreneurship- is the drive to develop an idea, take risks and use the other three factors of production to produce goods or services. Its reward is profit.

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Doss [256]

Convenience products like Coke are available almost everywhere in the United States. Thus, Coke uses intensive distribution, which is related to the strategy of making the product available at many different retailers.

This is a marketing strategy widely used by companies that supply non-durable consumer goods, which are those that are consumed quickly, such as food, beverages and medications.

Therefore, non-durable goods such as Coke need to be replenished quickly, justifying the company's intensive distribution strategy, which makes its products easily available to consumers, increasing its profitability and positioning.

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brainly.com/question/3520708

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2 years ago
_____ has always been a feature of the taiwanese economy but experts warn that the _______ ________ ________ will hamper growth
konstantin123 [22]

Taiwan is an economic success. Since 1992, Taiwan’s GDP growth has averaged 4.5 percent. This raised real per capita income from $9,116 in 1992 to $19,762 in 2012, with the result that today Taiwan is the 28th wealthiest country globally, and 6th richest country in Asia. And along the way Taiwan has transformed itself from a dictatorship into a vibrant democracy.[1]

5 0
4 years ago
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A corporation reports the following year-end balance sheet data. The company's debt-to-equity ratio equals:Cash $ 41,000 Current
Rudiy27

Answer:

0.54

Explanation:

Debt-to-equity ratio = Total Debt ÷ Total Equity

                                 = $107,000  ÷  $197,000

                                 = 0.54

The company's debt-to-equity ratio equals 0.54

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Albert decided that it was time to invest his money. he was quite excited and told his friends about his new financial venture.
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