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What are functions are included for the Industrial Manager?
The Industrial Manager is included in the illustrated functions as follows: a. design products which will find acceptance into competitive markets; b. devise processes of producing that products efficiently; c. explore reliable sources for acquiring materials and supplies; d. attract funds; e. Build plants, train the recruit employees along with an extensive variety of talents. f. devise systems for coordinated attempts; and g. Motivate confidence and activate whole the resources or facilities in a viable going concern.
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1. Wage ratios must lie in between the inter-country productivity ratios. 2. Large countries are always less specialized. 3. Low wage countries have bigger gains from trade.
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