The company’s costs for the production of products, the task of their minimization Cost classification. Any production is associated with the costs of raw materials, electricity, labor, equipment, land and so on. Without the use of the necessary resources, it is impossible to create new goods. Production costs are a set of costs incurred by […]
Tag: increase
Methods of accounting for scientific and technological progress
It should be considered generally recognized that over time in an enterprise that maintains a fixed number of employees and a constant amount of fixed assets, output increases. This means that in addition to the usual production factors associated with the cost of resources, there is a factor that is usually called scientific and technological […]
Dynamics of the commodity structure of international trade in goods
The world commodity market is divided into three main groups: the market for basic goods (agricultural products and extractive industries); market of medium and low-tech, mainly labor-intensive finished products and intermediate products; market of high-tech products. The first group (basic goods), whose share is constantly decreasing, is the market for the products of developing countries […]
Nature, forms and trends of international trade
International trade is the oldest and most important form of international economic relations, exerting a decisive influence on the development of the world economy as a whole. International trade is the sphere of commodity-money relations, which is a set of foreign trade of all countries of the world. Foreign trade is the exchange of a […]
Vertical Integration Strategy
Vertical integration expands the scope of the company’s activities in this industry. Companies can expand their activities towards suppliers (“back”) and / or to the end user of the goods (“forward”). Choosing the path of vertical integration, companies strive for full integration (participation in all links of the industry value chain) or partial integration (taking […]