This is a question that I have to write an essay or couple of paragraphs about......Considering all the payments to the factors of production, Peter Drucker once said that there is no such thing as profit, only cost. What did he mean?.....I have no idea where to even start...none!!
2006-10-16 16:35:26 · 4 answers · asked by Anonymous in Education & Reference ➔ Homework Help
well i dont recall "all the payment to the factors of production" but if i where to hear that statement i would infer that he is questioning the meaning of profit? ask yourself what profit really is? yes, you may have a gain in money but what are you going to do with it...well you are going to do the only thing you can with money and buy something eles. the only thing you can do with money is purchase stuff so i think he is saying that profit is just a gain in money which in time is just going to be spent again.
either way what ever you decide he meant by the statement you cant be wrong, to each is own and everyone interprets things differently. i hope i was helpful to you and didnt confuse you more
2006-10-16 17:04:17 · answer #1 · answered by ? 2 · 0⤊ 0⤋
Why is this notice so problematical to spell? I truly have fairly solid spelling skills, yet for some reason I truly have an rather problematical time spelling this notice. truly, I circumvent it like the plague, because of the fact I worry having to apply it and putting my answer in danger for a obtainable omit-spelling.
2016-12-26 21:18:31 · answer #2 · answered by ? 3 · 0⤊ 0⤋
maybe this will help...http://www.opinionjournal.com/extra/?id=110003570
Profit is really "a necessary insurance premium for the real--and again largely quantifiable--risks and uncertainties of all economic activity; and as cost of the jobs and pensions of tomorrow"...
2006-10-16 16:58:14 · answer #3 · answered by sunshine 4 · 0⤊ 0⤋
ya me either
2006-10-16 16:37:51 · answer #4 · answered by Anonymous · 0⤊ 0⤋