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What types of problems solved by Break even Analysis Helps?
Break even Analysis helps to solving the given types of problems as given below:
1. What volume of sales will be essential to cover?
2. To calculate costs and revenues for all probable volumes of output to fix budgeted sales
3. To determine the price of an article to provide the desires profit
4. To find out the variable cost per unit
5. To compare a number of business enterprises through arranging their earnings in order of magnitude.
Factors affecting Process Design - Nature of Product The operations management has to design the production systems to produce products/ service of the kind that customers wan
What is the best way to learn ITTOS?
Comparison between dept finance and ordinary share capital
Net Present Value (NPV) analysis is a method of calculating the expected net monetary gain or loss from a project by discounting all expected future cash inflow and outflow to the
Reduction in Costs : An efficient quality control system reduces the cost of production of the product due to reduction in wastage of raw materials, semi finished and finished good
Computerized Relative Allocation of Facilities Technique (CRAFT): The previous difficulty can now be alleviated because of the availability of computer software packages like
o Is the business problem that the project addresses clearly defined? o Is the list of stakeholders (ie people affected) by the project complete and correct? o Is the scope o
Product Based Layout Also called the straight line layout or layout for serialized manufacture, product layout involves the arrangement of machines in one line depending upon
reasons of negotiation
What is dummy activity in job operation of a project? Dummy Activity: All projects consist of a number of job operations or tasks that are termed as activities. An activi
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