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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.
Relation with types of manufacturing plant location and layout.?
If the customers SOW contains words such as nearly or approximately, then: Answer The project manager uses his discretion in determining the meaning The sponsor uses his d
Father's Cookies produces chocolate-chip cookies in a large oven that holds up to 2,000 pounds of cookies at a time. Annual demand is constant at 200,000 pounds; variable cost is $
In using the Ethical Decision-Making Framework, a firm should consider the impact of its actions on groups such as its employees, retirees, suppliers, customers, and even the commu
Service Sector - Financial Services 1. Explosion of customer choice 2. Globalisation of financial services - extensive use of computer technology 3. Innovation on bot
Effective project chartering process contains multiple project types and projects laid out on a month to month basis.
Distinguish between management information systems and operations information systems
GD inc has preferred stock outstanding that pays a dividend of $5 at the end of each year. The preferred sells for $50 a share. What is the stocks required rate of return? Show wor
Item X is a standard item stocked in a company's inventory of component parts. Each year the firm, on a random basis, uses about 2,500 of item X, which costs $25 each. Storage cost
what is continuous improvements
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