The new competition is not between what companies produce in their factories, but between what they add to the factor output. Discuss
(can someone help and interprete the above statement, what is exactly required?)
2007-03-08 02:32:55 · 5 answers · asked by Amos k 1 in Business & Finance ➔ Corporations
I think it's probably to do with how companies market things... i.e. get their products endorsed by celebrities, have huge media campaigns, jump on political band wagons, tell everyone they're customer focused... all that business.
2007-03-08 02:38:58 · answer #1 · answered by Robin the Electrocuted 5 · 0⤊ 0⤋
You are looking at what is being put out by the companies. Example would be a company that produces computers lets say. They may have the best computer in the world (fastest, cheapest, etc) but none of that matter if they dont sell any. By factor output, you are looking at the selling of these products and comparing that with similar products being sold.
2007-03-08 10:42:47 · answer #2 · answered by peaches2803 2 · 0⤊ 0⤋
Ask Teacher to explain a bit more what is exactly what Homework answer is expected here ...
2007-03-08 17:36:41 · answer #3 · answered by Steve B 7 · 0⤊ 0⤋
Huh?
2007-03-08 10:39:21 · answer #4 · answered by Anonymous · 0⤊ 0⤋
erh?
2007-03-08 10:38:08 · answer #5 · answered by chloe 3 · 0⤊ 0⤋