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business activity (FACTORS OF PRODUCTION (1: LAND, 2 : CAPITAL, 3: LABOUR…
business activity
FACTORS
OF PRODUCTION
1: LAND
2 : CAPITAL
3: LABOUR
4:ENTREPRISE
how can size be measured?
1: number of employess
2: capital employed
3: amount of revenue generated
benefits to MNC's
1:
The country enjoys varieties of products
2:
the living standards of people increase
3:
improves relations with the nations
SECTORS OF INDUSTRY
1: PRIMARY
2: SECOUNDRY
3: TERTIARY
FACTORS AFFECTING LOCATION
LAND
IF IT IS CLOSE TO THE LABOUR
Raw materials
public limited:
private limited
public
:
the objectives of public sectors are different from private as they do not want to achieve profit maximisation
private
:
they on the other hand want to achieve higher profits and brand image
franchise
franchisor
a franchisor is a business that sells the right to another buisiness
franchisee
this an external company the runs the business example;
apple gave a licence to aptronix