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What do you mean by variable costs? Variable costs conversely, tend to vary directly along with the volume of output. Illustrations of variable cost are as given below: direct
What types of problems solved by Break even Analysis Helps? Break even Analysis helps to solving the given types of problems as given below: 1. What volume of sales will be
Identification of Customers: Who are the external and internal customers? Can customers be segmented either on the basis of the service that they require, or their attitudes t
In order to adopt and initiate TQM within any organization it is necessary to understand the key elements. These elements which form the essential core of the TQM phil
summarise the argument for such a policy of partnering with a major supplier such as BAA and MACE HAVE DON HERE
Introduction to Risk Management Let us begin with defining Risk. Risk, is an integral part of the business scenario, and can be termed as a potential event that can have opport
Quantitative Layout Analysis - Correlation Chart In this technique we draw a gird with rows presenting alternative solutions. Plant item can be a ground floor (G >F) First fl
What are the questions of the initiation phase? Questions to be answered in the initiation phase include the given as: • Why only project management? • Is this feasible?
IT is the ultimate goal in TQM and thus forms the focal element in TQM. The company should exceed the customer expectations and make him delighted. This means giving
Question 1: You have been requested by top management to develop projects for enhancing the effectiveness of human resources within your company. Write down a proposal in resp
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