State of Technology || Factors Affecting Supply (Part-2)
Summary
TLDRThe video script discusses the impact of technological advancements on supply and production costs. It explains how changes in technology can lead to increased efficiency, reducing the cost of production. This reduction in costs can potentially increase profits, as lower production costs can lead to higher profit margins. The script emphasizes the benefits of clear technology, suggesting that it can help reduce supply costs and increase profits by optimizing the supply chain.
Takeaways
- 🔧 Technology advancements can lead to changes in production techniques.
- 📈 Improved IT and production leads can result in a fall in production costs.
- 💹 Reducing production costs can increase profits significantly.
- 📊 Profits can be increased by reducing the supply bill due to higher supply benefits.
- 📉 Outdated technology can lead to increased costs and reduced profits.
- 🚀 Adopting clear technology can help in reducing the supply bill and increasing profits.
- 🌐 Technology advancements can affect the unit cost of production.
- 📈 There is a direct correlation between technology advancement and profit increase.
- 🛠️ The script emphasizes the importance of keeping technology up-to-date to maintain a competitive edge.
- 💼 The discussion highlights the financial impact of technology on production costs and profits.
Q & A
What does the speaker suggest about the impact of technology on production?
-The speaker suggests that advancements in technology can lead to a reduction in the cost of production.
What is the relationship between technology and supply according to the script?
-The script implies that technology advancements can improve supply by reducing the cost of production, which in turn can increase profits.
How does the speaker link technology changes to profit?
-The speaker indicates that changes in technology can lead to increased profits by reducing the cost of production.
What is the potential outcome of technology advancements in the script?
-The potential outcome of technology advancements is a decrease in the unit cost of production, which can lead to increased profits.
What does the speaker mean by 'IF IT leads to fall and reduction in the cost of production'?
-The speaker is referring to the possibility that improvements in technology (IF IT) can lead to a decrease in production costs.
What is the significance of 'unit cost of production' in the context of the script?
-In the context of the script, the 'unit cost of production' is significant as it can be reduced through technology advancements, potentially increasing profits.
How does the speaker view the role of technology in the supply chain?
-The speaker views technology as a key factor in improving the supply chain by reducing production costs and increasing the efficiency of supply.
What does the speaker suggest about the benefits of technology for businesses?
-The speaker suggests that technology can benefit businesses by reducing the cost of production, which can lead to higher profits.
What is the implication of 'clear technology' in the script?
-The implication of 'clear technology' is that it can help reduce the supply and thus the cost of production, contributing to increased profits.
How does the speaker connect technology advancements to the overall profitability of a business?
-The speaker connects technology advancements to the overall profitability of a business by suggesting that reduced production costs can lead to higher profits.
What does the speaker imply about the future of technology in production?
-The speaker implies that the future of technology in production will likely involve continuous advancements that further reduce costs and improve profitability.
Outlines
🚀 Advancements in Technology and Production Cost Reduction
The first paragraph discusses the impact of technological advancements on production costs. It explains that changes in technology can lead to increased efficiency and reduced costs in production. The script suggests that as technology advances, the unit cost of production will decrease, which in turn can lead to higher profits due to the reduction in supply costs. The benefits of running an outdated technology versus adopting clear technology are highlighted, emphasizing the profits that can be gained from reducing the supply bill and increasing overall profitability.
Mindmap
Keywords
💡State of Technology
💡Cost of Production
💡Technological Advancement
💡Reduction in Cost
💡Profit
💡Supply
💡Outdated Technology
💡Per Unit Cost
💡Production Efficiency
💡Lower Profit
Highlights
Technology advancements in production can lead to changes that affect the cost of production.
If there is a change in technology used for production, it can lead to a reduction in the cost of production.
The reduction in production costs can result in higher profits.
Profits can increase due to the form of this earning from the reduction in production costs.
Supply can be increased because it is beneficial to supply more.
Running the second, the profits from the reduction in supply can be measured.
The situation of earning lower profits can be deduced from this earning.
IT can reduce its supply, clear technology, thank you.
Clear technology plays a significant role in reducing the cost of production.
The impact of technology on production costs is substantial.
Profits are directly related to the efficiency of technology in production.
Changes in technology can have immediate effects on the supply chain.
The cost of production is a critical factor in determining the profitability of a business.
Technological advancements can lead to more efficient production processes.
The transcript discusses the relationship between technology and production costs.
Profitability is enhanced by reducing the cost of production through technological improvements.
The transcript emphasizes the importance of technology in modern production methods.
Supply management is a key aspect influenced by technological advancements.
The transcript suggests that technology can significantly alter the dynamics of supply and demand.
Transcripts
हेलो स्टूडेंट पार्ट 2 ऑफ फैक्टर्स
अफेक्टिंग सप्लाई
इस स्टेट ऑफ टेक्नोलॉजी
ऑफ प्रोडक्शन लीडिंग तू एन फल इन डी कॉस्ट
ऑफ प्रोडक्शन
तो वो ये कहना छह रहा है की अगर
टेक्नोलॉजी में जो हम प्रोडक्शन के लिए
टेक्निक हम उसे कर रहे हैं अगर उसमें कोई
चेंज आता है और उसे चेंज की वजह से आईएफ
आईटी लीड्स तू फल और रिडक्शन इन डी कॉस्ट
ऑफ प्रोडक्शन
अबाउट
टेक्नोलॉजी
एडवांसमेंट इन टेक्नोलॉजी
दें डी पर यूनिट कॉस्ट ऑफ प्रोडक्शन
कॉस्ट का प्रोडक्शन
विल बी रिड्यूस्ड
रिडक्शन इन कॉस्ट ऑफ प्रोडक्शन मेंस
फ्रॉम बिल हैव प्रॉफिट सो प्रॉफिट बिल बी
इंक्रीज आईएफ थे फॉर्म इस अर्निंग हाय
प्रॉफिट दें
सप्लाई बिल बी इंक्रीज बिकॉज़ ज्यादा
सप्लाई करने में फायदा है राइट फॉर्म इस
रनिंग
सेकंड
उसे ऑफ
आउटडेटेड
और यू कैन से डेट
सो डी प्रोफ्ट्स बिल को डॉ था मेंस इन थे
सिचुएशन आईएफ थे फॉर्म इस अर्निंग लोअर
प्रॉफिट दें आईटी बिल रिड्यूस इट्स सप्लाई
क्लियर टेक्नोलॉजी
थैंक यू
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