Scarce resource analysis: Difference between revisions
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imported>Doug Williamson (Correct typo.) |
imported>Doug Williamson (Expand definition.) |
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''Economics - microeconomics''. | ''Economics - microeconomics''. | ||
Scarce resource analysis is a planning technique that seeks to maximise | 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 profits minimised - by maximising contribution per unit of the available scarce resource. | |||
Revision as of 01:11, 7 August 2021
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 profits minimised - by maximising contribution per unit of the available scarce resource.
