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Production
Production is any process or procedure developed to transform a set of input elements such as men, materials capital, information and energy into a specified set of output elements like finished products and services in proper quantity and quality thus achieving the objectives of an enterprise. The spirit of production is the formation of goods, may be by the transformation of raw material or by assembling so many small parts (as in television or scooter manufacturing). Production in everyday life can be noticed in factories hospitals offices etc, there are four recognized factors of production:
According to E .S. Buffa, production is a procedure by which goods and services are created. In common production is the use of any process or procedure designed to transform a set of input elements into a set of output element, which have use value and economic value.
At what point does acceptable exaggeration become lying about a product or a service?
a firm isconsidering replacement of a machien, whoes cost price is rs 12200 and scrap value is rs 200 the running cost is rupee given below year running cost 1 200 2 50
Forecasts for groups of items tend to be less accurate than forecasts for individual items because forecasts for individual items don't include as many influencing factors.
National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period were as follows: Month Sales (000)Units Feb. 19 Mar. 18 Apr. 10 May. 21 Jun. 16 Ju
Analytical Estimating This technique of work measurement is used to determine the time values for jobs having long and non repetitive operations. The time values ar
Martin decides to begin raising goats on his property for personal consumption of their milk and meat. Unfortunately Martin's goats frequently prefer to each the rich green grass a
Revisit the Automobile Driver's License office example. a. What is the direct labour utilization for the process shown in figure 7.6a? b.What is the direct labour utilization for
How can the project baseline and the earned value approach for variance analysis be used to monitor and report project progress?
With the realities of today's technological innovation and the realities of the current economy, competitive advantage only exist for a short time and are quickly outdated. Agree o
Prospective employers can conduct a credit check along with a background check to determine employment eligibility. Do you feel this is good business practice or an invasion of pri
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