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What is Production?
Production:
Production is any procedure or process developed to transform a set of input tools as men, capital, materials, information and energy within a given set of output tool as finished products and services in appropriate quantity and quality, therefore achieving objectives of an enterprise. The concentrate of production is the creation of services and goods. There are four known factors of production, they are:
a. Nature: Land and some other material resources
b. Labour: Human efforts
c. Capital: Factory building, tools and machinery many more
d. Enterprise: activity which organizes some other factors of production
T he dark side of quality cost analysis The Quality Cost Analysis will always look at the organisation's costs and not the customer's costs. The manufacturer and the seller ar
Personnel Management Personnel Management refers to the process of procurement and management of the human resource that is needed to accomplish organization objectives. It is
Benefits of Group Technology 1.Reduced Flow Times: Compared to the earlier process layout, there are very few halts. Hence flow times are reduced considerably. 2.Process Tim
Q. Market Strategy Development? Market strategy development would require the study of the markets for potential consumers. It would also involve the study of the market for e
1. Differentiate between 'Administration' and 'Management'. 2. What were the common drawbacks in classical and Neo classical theories of management? 3. Write a short note on "Line
Question : Conflict refers to any situation in which there are incompatible goals, thoughts or emotions within or between individuals or groups. For effective management of con
The Integrated Management Project is not intended to be an academic research report and the markers will not normally expect inclusion of a literature review or hypothesis testing.
discussion questions case study
How is the Performance Appraisal help in operational decision making? Performance Appraisal helps in operational decision making in personnel management gives clues to manageme
J Company is a retailer of fashion goods operating in a highly competitive market place. The Board of the company has given the go-ahead to redesign the company's website to make i
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