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Economic order size is that size of the order which gives maximum economy in purchasing any item of material. The other terms used for economic order size are economic lot quantity and economic buying quantity, the most advantageous economic quantity will be a point where the acquisition costs and inventory storing costs are equal. I ,e, where total costs to order and to carry material minimum ascertaining.
prepare review of articles on the role/impact/contribution of information system in business
A detailed commentary on the chemical and mechanical design of at least one process unit operation. Process design of other units should also be completed along with pipe sizes (ma
QUESTION 1 Examine the major justifications for government regulations in the business environment. Use examples from the Mauritian context to illustrate your answer QUESTI
Fred, a 17-year employee with Sam''s Sauna, was fired for poor job performance and poor attendance, after accruing five disciplinary penalties within a 12-month period under the co
Another important decision is maintaining inventory and determining the inventory level. An inventory level is a quantitative limit, which should neither be much higher nor
How is understanding of human behavior important in the human resources? Understanding of Human Behavior: It is significant for any one dealing along with human resources. T
Explain the different types of communication with relevant examples.
Distinguish between business function and business process
Inventory control follows up to examine the work of inventory policy and effect changes as and when needed. The policies depends on company internal and external fact
What is the meaning of term Entrepreneurship? Meaning of Entrepreneurship: Entrepreneurship refers to a process of action an entrepreneur undertakes to establish h
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