Topic: Factors That Affect Labour Productivity
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What factors affect product?
If the price of the product is very high, people are unaware about your product, promotion of the product is not proper, place where you sell your product are not correct etc. there are also many things which can cause the great impact on o... Read More »
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What is the difference between labour and entrepreneurship as fac...
Labour is human physical and mental effort directed in a production process, and the reward for it is wage or salary. Entrepreneur is a self-driven factor employing all aspects of making a given product. Profit is the reward for that endeav... Read More »
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Which factors affect the demand for a product?
Answer vPrice of the good X (Px) vPrice of complementary goods (Pc) vPrice of substitutes (Ps) vConsumer's income (Y) vConsumer's taste for the good (t) vConsumer's expectations about future prices (E) vAdvertising (A) vTaxation (T) v Numbe... Read More »
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Factors That Affect Labour Productivity
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* products might not be independent - think back to economics and marketing * customer loyalty might be lost when products are not available - profits lost may be more than the loss of contribution per unit in the long run * price elasticit...
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