Distinguish clearly between a plant, a firm, and an industry
Distinguish clearly between a plant, a firm, and an industry?
Expert
Production takes place in plant which is an operating unit. This production can be developed, wholesaling, warehousing, retailing, farming, and mining anything which in short it is essential for the manufacture and allocation of product and services.
The business organization of a firm owns one or more than one plants. A firm can be very huge like General Motors that possess many plants in many countries, or very small, such as an independent corner grocery.
An industry is rather a random grouping of firms producing comparable products like a steel industry. There may be a problem defining which firms belong to an industry; the firms in the automobile industry produce many non-automotive products.
Give a brief introduction of the term Cost of capital?
Write down the importance of Price Earnings Ratio?
Explain the statements: The market system not only accepts self-interest as a fact of human existence.
Which of the given is a quality of an oligopolistic market structure? w) There are only some dominant sellers. x) every firm sells a unique product. y) this is easy for new firms to enter the industry. z) Each firm require not react to the actions of
Adam Smith known three advantages rising from divisions of labor which would lead to greater economic wealth that did not include the concept that the division of labor: (w) helps every worker refine specialized skill
Briefly explain the term Earnings per share (or EPS)?
Illustrate the changes in Demand, Supply and Equilibrium?
Explain increased global competition?
What problem does barter entail?
The model of _____ was demonstrated by _____ along with the quote, “The loss of a small finger would remain the average European by sleeping which night, ... but, given he never observed them, he will snore with the most profound security over the loss of millio
18,76,764
1926270 Asked
3,689
Active Tutors
1437472
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!