How Does Money Help In Optimal Resource Usage For Production?
How can we use money in optimal resource usage for production.
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asked 2 years ago
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Money is an essential element or resource in a production process as it entitles the owner to buy state of the art equipment and machinery. However, having money does not guarantee the optimal resource usage for production. It is the business strategy that would ensure that all the resources are being handled properly and effectively utilized.
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