Limited recourse and Limiting factor: Difference between pages
From ACT Wiki
(Difference between pages)
imported>Doug Williamson m (Update links.) |
imported>Doug Williamson (Create page. Sources: linked pages.) |
||
Line 1: | Line 1: | ||
''Cost and management accounting''. | |||
A limiting factor is an input resource which is scarce, and of limited availability. | |||
Also known as a ''scarce resource'' or ''key factor''. | |||
In different situations the limiting factor may be skilled labour, a physical resource, time, or something else. | |||
== See also == | == See also == | ||
* [[ | * [[Factors of production]] | ||
* [[ | * [[Production possibility curves]] | ||
* [[ | * [[Scarcity]] | ||
[[Category:The_business_context]] |
Revision as of 10:48, 11 March 2019
Cost and management accounting.
A limiting factor is an input resource which is scarce, and of limited availability.
Also known as a scarce resource or key factor.
In different situations the limiting factor may be skilled labour, a physical resource, time, or something else.