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The major environmental pressures are summarized as the three Cs Customers competition and change.
1. Customers today known what they want what they are willing to pay and how to get products and services on their own terms.
2. Competition is continuously increasing with respect to price quality selection service and promptness of delivery. Removal of trade barriers increased international cooperation and the creation of technological innovations cause competition to intensify.
3. Change continues to occur. Markets products services technology the business environment and people keep changing frequently in an unpredictable and significant manner.
When we refer to profitability, are we referring to more than the fact that the company is paying a dividend? Ans) Yes, absolutely. I focus on the right hand columns of the Stoc
What types of problems are solved by breakeven analysis? Breakeven Analysis assists solving the given types of problems as follows: 1. What volume of sales will be essentia
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Explain about the participation in management of workers. Workers’ Participation in Management: Worker’s participation into management can be in any of shape, through est
What are the useful methods of the job evaluation? Method of job Evaluation: Given are the methods wherein job evaluation is completed: 1. Ranking method. 2. Classi
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Briefly explain the main arguments for a country wishing to restrict free trade. Protection There may be a require to protect fledgling industries which would not be able
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CAD is automation of design process similarly CM is defined as automation of manufacturing process. The CAD/ CAM addresses only the physical description of the product which s
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