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There are three main purposes or motives of holing inventories:
a. The transaction Motive : Which facilitates continuous production and timely execution of sales orders .
b. The precautionary Motive which necessitates the holding of inventories for meeting the unpredictable change in demand and supplies of materials.
c. The speculative Motive which induces to keep inventories for taking advantage of price fluctuations saving in re ordering costs and quantity discounts etc.
5. What is your opinion of intellectual property rights? Do you think people should have rights to intellectual property and, therefore, be protected by law? Why or why not? For
factors affecting the calculation of MRp
QUESTION (a) You have decided to buy a new laser printer for your office. Write a short summary of the processes/activities that you must undertake to gather information about
What are the four major classes of risk an organization evaluates while outsourcing? Explain them. 1. Strategic risks. 2. Operational risks. 3. Result risks. 4. Transac
What is the prime aim of a good inventory control? A good inventory control will aim to: 1. Procure material of good quality within time 2. It doesn’t to face shortage of
INFORMATION SYSTEM FOR BUSINESS OPERATION.
Explain about the term Quality in Management. Quality: Quality is described as fitness of purpose. It is a relative term and is usually explained along with reference to
Question 1: (a) Organisational Behaviour (OB) seeks to understand how we can best understand human behaviour in organisations. Discuss in relation to the challenges and for
What should Mr. Sharma have done to avoid the misunderstanding?
a) Use information and technology resources to research issues in management. b) Specify clearly and concisely about management using proper writing mechanics.
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