Type of business organisation: sole proprietors, partnerships, private limited companies, public limited companies, multinationals, co-operatives, public corporations,
labour - intensive and capital - intensive, difference between production and productivity, Total and average
cost, fixed and
variable cost, average and total revenue, aims of business organisations, Perfect competition and Monopoly (advantages and disadvantages), Different sizes of firms (Integrations), Economies and diseconomies of scale.
Sebastian Lloyd Rees Production,
Labour,
Cost Metal hand, cardboard box, boiler suit, wood, metal Dimensions
variable 2014