Scarce resource analysis: Difference between revisions
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imported>Doug Williamson (Add link.) |
(Correct typo - 'losses'.) |
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to maximise financial contribution to fixed costs by making the best use of the scarce resource. | to maximise financial contribution to fixed costs by making the best use of the scarce resource. | ||
Overall profits are maximised - or overall | Overall profits are maximised - or overall losses minimised - by maximising contribution per unit of the available scarce resource. | ||
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* [[Scarcity]] | * [[Scarcity]] | ||
[[Category:The_business_context]] | [[Category:The_business_context]] | ||
Latest revision as of 19:29, 8 October 2023
Economics - microeconomics.
Scarce resource analysis is a planning technique that seeks to maximise financial contribution to fixed costs by making the best use of the scarce resource.
Overall profits are maximised - or overall losses minimised - by maximising contribution per unit of the available scarce resource.
