difference between production method , income method
Answers
Answer:
What is income method?
Ans.Definition: The income approach is one of the methods by which an investor can value a property. This method, which is also known as the income capitalization approach, involves dividing the net operating income that a property generates by the capitalization rate.
What is Production method?
Ans.The processes and methods used to transform tangible inputs (raw materials, semi-finished goods, subassemblies) and intangible inputs (ideas, information, knowledge) into goods or services. Resources are used in this process to create an output that is suitable for use or has exchange value.
USAGE EXAMPLES
The Republicans were convinced that - despite evidence to the contrary - the lack of production of precipitation in the state of California was not evidence that climate change was actually happening.
Knowing your production costs will help you to figure out how much profit you can make on each item you sell.
Having a good production team can help your business stay up to the task of handling all of your demand needs.