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Which factor of production are used by a car rental company to provide a service that has value?
capital and labor
What else can I help you with?
Which factor of production are used by a dog walker to provide a service that has value?
labor only
Is company stocks a factor of production?
No, company stocks represent ownership in a firm, usually, and are not inputs in production.
Is a dog trainer an example of factor of production?
service
Why is labor a unique factor of production?
Labour is a unique factor of production due to that they play an important role and labour is the important factor on the base of it company performance depends.
A company's fleet of trucks represent which kind of factor of production?
It is considered capital.
Which factor of production are used by a dog walker to provide a service that has value?
labor only
What factor of production are used by a car rental company to provide a service that has value?
A car rental company utilizes several factors of production to provide its services, including capital, labor, and land. Capital is represented by the vehicles and facilities required for operations, while labor encompasses the employees who manage rentals, customer service, and maintenance. Land refers to the physical locations where the cars are stored and rented out. Together, these factors enable the company to deliver valuable transportation services to customers.
Is company stocks a factor of production?
No, company stocks represent ownership in a firm, usually, and are not inputs in production.
Is a dog trainer an example of factor of production?
service
Why is labor a unique factor of production?
Labour is a unique factor of production due to that they play an important role and labour is the important factor on the base of it company performance depends.
A company's fleet of trucks represent which kind of factor of production?
It is considered capital.
How do electricity suppliers decide which area to provide service to?
The population of the area is a big factor into where they provide service. It all depends on what they are using to provide electricity also.
Why money is not consider as a factor of a production?
Money is not a factor of production in economics because it is used as a way to facilitate trade, but does not actually produce goods or services on its own. Money is not considered a factor of production because it cannot be made into a good or service. It can only purchase them. Money facilitates trade, but it is not in itself a productive resource. A factor of production is an input to the production process, such as capital. Money is not capital as economists define capital, because it is not a productive resource.
Why money is not considered as factor as production?
Money is not a factor of production in economics because it is used as a way to facilitate trade, but does not actually produce goods or services on its own. Money is not considered a factor of production because it cannot be made into a good or service. It can only purchase them. Money facilitates trade, but it is not in itself a productive resource. A factor of production is an input to the production process, such as capital. Money is not capital as economists define capital, because it is not a productive resource.
What does the description of the industry mean?
Industry is a place where goods and service are produced by using fixed and variable factor of production.
Is money a resource or factors of production?
Money is considered to be a factor of production figuring the more a company makes the more money they will earn.
A company-controlled factor that influences customer expectations?
A company-controlled factor that influences customer expectations is the quality of customer service provided. Positive interactions and responsive support can enhance customer satisfaction and set high expectations for future service. Conversely, poor customer service can lead to disappointment and lower expectations. By consistently delivering exceptional service, a company can shape and elevate customer expectations effectively.
