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It can be expressed both in terms of nominal and real values. The real surplus value to the producer is an outcome of the real process, real income, and measured proportionally it means productivity. The concept "real process" in the meaning quantitative structure of production process was introduced in Finnish management accounting in the 1960s.
Labor, not labor power, is the key factor of production for Marx and the basis for earlier economists' labor theory of value. The hiring of labor power only results in the production of goods or services ("use-values") when organized and regulated (often by the "management"). How much labor is actually done depends on the importance of conflict ...
Production analysis. The input of production factors, the choice of the form of production organisation and the determination of the product structure can all be analysed and decided by creating mathematical models. Cost decision. Cost is a factor that directly affects profit, and is one of the most important concerns for enterprise development.
The CLIP value of a certain “bundle“ (location, PL, Segment etc.) of part numbers is calculated by averaging the CLIP values of the individual part number in that “bundle“. Each part number in an aggregation (“bundle”) is counted as 1, irrespective of how big the volume of production for that part number is.
An individual production system is usually analyzed in the literature referring to a single business; therefore it is usually improper to include in a given production system the operations necessary to process goods that are obtained by purchasing or the operations carried by the customer on the sold products, the reason being simply that ...
The tendency to exploit economies of scale entails a continuous increase in the volume of production which, in turn, requires a constant expansion of the size of the market. [30] However, if the market does not expand at the same rate as production increases, overproduction crises can occur.
Cost unit is a form of measurement of volume of production or service. [1] Cost unit vs unit cost Cost unit is the standard unit for buying the minimum of any product ...
The cost-volume-profit analysis is the systematic examination of the relationship between selling prices, sales, production volumes, costs, expenses and profits. This analysis provides very useful information for decision-making in the management of a company.