Revenue and cost can be studied by examining the total revenue and total cost of a business. Break-even Analysis implies that at some point in the operations, total revenue has to be equals to the total cost.Read more
A Plant Location is a place, where men, money, material, machinery, etc are brought together for manufacturing products.Read more
Work-study investigates the work done in an organization and it aims to find the most effective way of using industrial resources like man, material, machinery, money, etc. Every company wants to achieve the best qualities of the product with the minimum possible time.Read more
Management style is a specific way manager go about executing their goals. Management style regards the way that a manager plans, handles, make decisions, designate, and manages their staff.Read more
It is a method of budgeting, whereby all the expanses for the new period are calculated based on actual expenses that are to be incurred and not on the differential basis which involves, just changing the expense incurred taking into account change in operational activity.Read more
MBO is defined as a management practise which aims to increase organizational performance by clearly defining the goals and subordinate objectives of the organization that are agreed to both management and employees.Read more
The transmission system is a mechanism that transmits power from the engine to the driving wheels. It transmits power and torque through the clutch, gear-box, propeller shaft, a differentialRead more
Air compressor is a pneumatic device that converts mechanical energy into potential energy (Compressed air). Air compressors are used in industries as well as in domestic purpose where compressed air is required.Read more
ABOUT CORONAVIRUS Coronavirus disease (COVID-19) is a highly infectious disease caused by Severe Acute Respiratory Syndrome Coronavirus 2 (SARS-CoV-2). TheRead more
What is Productivity?
The productivity of a production system is similar to the efficiency of the production system. Productivity may be defined as the ratio of the output of the system to its input.