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Explain functions in which industrial manager is involved?
The Industrial Manager is occupied in the given functions:-
(i) Design products which will find acceptance in competitive markets;
(ii) Devise ways of producing these products efficiently;
(iii) Explore reliable sources for acquiring materials and supplies;
(iv) Attract funds;
(v) Build plants, train and recruit before train employees with a broad variety of talents.
(vi) Devise systems for coordinated efforts
(vii) Inspire self-assurance and activate all the resources or facilities into a viable going concern.
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Owner Kay Fay is considering franchising her Oriental Express restaurant concept. She believes people will pay $5.50 for a large bowl of noodles. Variable costs are $2.75 a bowl. F
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