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What is Zero-Based Budgeting?|Advantages, Disadvantages

April 20, 2024January 5, 2021 by Sukanta Maiti
what is Zero-Based Budgeting

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.

Categories Industrial engineering, Economics Tags economics, industrial engineering, mbo, Zero-based budgeting 6 Comments

What is Production? 4 types of production, Factors of production, production function

December 20, 2025May 6, 2020 by Sukanta Maiti
What is Production? 4 types of production, Factors of production, production function

Production is a process of value addition, which is developed to transform a set of input elements like man, raw material, capital, energy, information into finished products and services in proper quality and quantity.

Categories Industrial engineering Tags industrial engineering, production 10 Comments
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