The term product life cycle refers to the time period a product is introduced to consumers into the market until it’s removed from the market. The product life cycle is the process almost every product goes through from when it is first introduced into the market until it is removed from the market.
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.
A Plant Location is a place, where men, money, material, machinery, etc are brought together for manufacturing products.
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.
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.
Zero-Based Budgeting (ZBB) is a method of budgeting in which all expenses must be justified for each new period, regardless of whether each budget is higher or lower than the previous period.
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.
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 differential
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.
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.
