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Cannibalism This is refers to the reduction of sales in one goods caused by the introduction of another product, where both products are made by the similar organizations.
Lambda" ( λ ) is the Greek character used to denote the average service rate in queuing theory TRUE FALSE
Causality and Correlation: Often there may be a connection among 2 events: That is, when event happens, event B tends to happen. However, this does not mean that A causes B;
discuss about the system aspect of operations functions
challenges in rational decision making
The prospects and challenges of use of quantitative techniques in management
MANAGEMENT: Management is a social process of planning, organising, staffing, directing, and controlling the work and the recourses for the determination and achievement of org
Planning Planning is the process of determining in advance what should be accomplished and how to do it. In other words, it is an analytical process of establishing goa
SCIENTIFIC MANAGEMENT Scientific management is almost synonymous with the teachings and practices of Frederick W. Taylor (1850-1915). Throughout his life Taylor struggled to
Basic component of management according to Taylor: a) Determination of standard of performance: In this he conducted Time and motion studies, Method study and
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