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Explain about the economics of scope of lean production.
Economies of scope:
It is possible while resources as like machinery or labour can be shared to manufacture various products for instants a condition where small type inputs can create a greater variety of outputs or products, by using multi skilled staff and multipurpose machinery. A larger business value and lower cost can be attained by jointly producing various products using similar common inputs for example, flexibility to diversify production without important investment needed, since scope exists to substitute resources through one process to another.
Explain system concept of organisation. System concept of Organisation: a) System is a group of independent although inter dependent elements (termed as sub-systems) that
Wally and Beaver were general partners in a car dealership. Using the partnership name, Wally entered into a contract to purchase 30 used cars from Car Lots. Car Lots was not aware
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Meaning and Definition of Production Management Production management is a stream of management that is associated to the production function. Production might be termed to as th
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