Basic factor of production
Supply of land is fixed
Quality of land is not homogenous
Lacks geographical mobility
It is a natural resource
It is subject to the law of diminishing returns
Musyoxx answered the question on February 28, 2018 at 15:44
-
What are the differences between monopoly and monopolistic competition?
(Solved)
What are the differences between monopoly and monopolistic competition?
Date posted:
February 28, 2018
.
Answers (1)
-
What is the purpose of a business plan?
(Solved)
What is the purpose of a business plan?
Date posted:
February 28, 2018
.
Answers (1)
-
How can one go through market research?
(Solved)
How can one go through market research?
Date posted:
February 27, 2018
.
Answers (1)
-
Describe five forms used in purchasing and supplies management
(Solved)
Describe five forms used in purchasing and supplies management
Date posted:
February 26, 2018
.
Answers (1)
-
Outline five reasons why blanket order system may be used by a purchasing department
(Solved)
Outline five reasons why blanket order system may be used by a purchasing department
Date posted:
February 26, 2018
.
Answers (1)
-
Explain two techniques of minimizing the small order problem
(Solved)
Explain two techniques of minimizing the small order problem.
Date posted:
February 26, 2018
.
Answers (1)
-
Define the term small order problem as used in purchasing and supplies management
(Solved)
Define the term small order problem as used in purchasing and supplies management.
Date posted:
February 26, 2018
.
Answers (1)
-
What is the difference between dissolution and liquidation?
(Solved)
What is the difference between dissolution and liquidation?
Date posted:
February 26, 2018
.
Answers (1)
-
Describe the process of invoice audit and comparison of an order as a final procedure in the purchasing process
(Solved)
Describe the process of invoice audit and comparison of an order as a final procedure in the purchasing process.
Date posted:
February 26, 2018
.
Answers (1)
-
Describe the process of receipt and inspection as used in the purchase process
(Solved)
Describe the process of receipt and inspection as used in the purchase process.
Date posted:
February 26, 2018
.
Answers (1)
-
Describe transmission of need as used in purchasing and supplies management
(Solved)
Describe transmission of need as used in purchasing and supplies management.
Date posted:
February 26, 2018
.
Answers (1)
-
Explain five benefits that would accrue to a businessman who uses a Liner rather than Tramps Steamers
(Solved)
Explain five benefits that would accrue to a businessman who uses a Liner rather than Tramps Steamers
Date posted:
February 24, 2018
.
Answers (1)
-
What is the initial process in the purchasing procedure?
(Solved)
What is the initial process in the purchasing procedure?
Date posted:
February 23, 2018
.
Answers (1)
-
State three requirements of a specification as used in purchasing and supplies management
(Solved)
State three requirements of a specification as used in purchasing and supplies management
Date posted:
February 23, 2018
.
Answers (1)
-
What is the main function of a detailed specification in purchasing and supplies management?
(Solved)
What is the main function of a detailed specification in purchasing and supplies management?
Date posted:
February 23, 2018
.
Answers (1)
-
State three functions of a purchase description
(Solved)
State three functions of a purchase description.
Date posted:
February 23, 2018
.
Answers (1)
-
What is the importance of a standard purchase requisition in the purchasing circle?
(Solved)
What is the importance of a standard purchase requisition in the purchasing circle?
Date posted:
February 23, 2018
.
Answers (1)
-
What is a material requirement planning schedule as used it purchasing?
(Solved)
What is a material requirement planning schedule as used it purchasing?
Date posted:
February 23, 2018
.
Answers (1)
-
State five contents of a purchase requisition
(Solved)
State five contents of a purchase requisition.
Date posted:
February 23, 2018
.
Answers (1)
-
State the demerits of information technology in purchasing and supplies management.
(Solved)
State the demerits of information technology in purchasing and supplies management.
Date posted:
February 23, 2018
.
Answers (1)