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Explain the concept of merit goods with reference to the formal provision of education in a country. Merit goods are those goods and services that society values and the gover
The home goods department of a large department store sells 175 units per month of a certain large bath towel. The unit cost of a towel to the store is $2.50 and the cost of placin
) A time study analyst observes a worker over a period of time and calculates that the worker required 90.0 minutes per unit produced. The worker was rated at a 105 percent perfor
explain term related to historical evolution of production and operation management
Linking Strategic and Operational Change - Operation Strategy Quinn (1988) criticises those who see strategy formulation and implementation as the 'classic trap' where despite
Explain Causes of Organisational Change. Causes of Organisational Change: Causes of Organisational modifies are as follows: (A) External pressures (i) Change in Equipme
Explain managerial leadership. Managerial Leadership: Effective managing needs leadership. This is seldom possible to segregate the behavioural functions of manager-ship a
One of the most important aspects of managing risk for a project is to accurately define the size of the project. Determine the criteria that must be considered to perform the proj
Ultimate Objective 1. Manufacturing costs: The unit cost of the product should be estimated carefully and every effort should be made to stick to the cost standards. For
racing cars prefers nickel based alloys for engine components
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