Answer:
related to the demand for the product or service labor is producing.
Explanation:
Factors of production can be defined as the fundamental building blocks used by individuals or business firms for the manufacturing of finished goods and services in order to meet the unending needs and requirements of their customers.
In Economics, there are four (4) main factors of production and these are;
I. Land.
II. Labor (working).
III. Capital resources.
IV. Entrepreneurship.
Labor refers to the human capital or workers who are saddled with the responsibility of overseeing and managing all the aspects of production.
Generally, when these aforementioned factors of production are combined effectively and efficiently, they can be used for the manufacturing or production of goods and services to meet the unending requirements or needs of the consumers.
Typically, when economists say that the demand for labor is a derived demand, what they do really mean is that, this demand for labor is related to the demand by the consumers for the product or service labor is producing.
A paying any taxs that are due on the estate
Answer:
This motto will encourage the managers to love their job which results in a higher performance
Explanation:
Answer (1)
In today's world, if any organisation want to remain on the top and competitive, it has to be creative and innovative as well. Creativity is the thinking of an novel idea whereas its implication in the form of actual product or service is known as innovation.
I have an creative idea. In marketing, customer needs to served profitably with meeting their needs. For this purpose they need to be managed effectively. Customer relationship Management is the domain in which each and every single customer's data is saved. Customers are asked for the membership to save their data. Then next time with the help of their name, entire record of theirs can be retrieved. My idea is, instead of asking their name each and every single time, their voice frequency should be saved in the mobile device, which next time when they say "HELLO" can recognize them and present their all data to the concerned salesperson.
Answer (2)
* I have many novel ideas related to hotel industry. As far my interests are concerned, Hotels can have a library in it, which can send customers the books of their interests in their rooms.
* Hotels can start cooking the food inside the customers room in front of them so they can see the live cooking, enjoying the whole process, checking the quality of ingredients.
* Hotels should have that kind of cinema where you can select the movie by yourself.
* Hotel's Kitchen should have open excess to everyone staying in that hotel so they can have interaction with the chefs to check the cooking processes of that hotel.
