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Q: Struggling to complete your assignments on time? Q: Don’t know how to make the writing process more productive & less stressful? Writing an assignment can be a real challenge. No doubt! this task becomes even more complicated when you’ve multiple assignments to complete & the deadline is looming. But what if you had some helpful…
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The literal meaning of “layout” is to arrange various things in a planned manner. In the context of the facility, especially concerning a manufacturing entrepreneur, it relates to the set-up of different machinery, equipment and other facilities incidental to the core manufacturing activity, viz., department for receiving (raw materials), department for dispatching (finished goods), tool…
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Before accepting the layout, there should be an assessment of the quantity and quality of the format with an alternative opportunity for getting the correct layout for the organization. Use These Layout Decision Models The various models used for the evaluation of layout decisions are as follows: 1. Travel Chart The string diagram needs a…
Capacity planning is crucial for businesses and organizations to ensure they have the right resources and infrastructure to meet their current and future demands. Several factors can influence capacity planning, depending on the industry, type of organization, and specific needs. Here are some common factors affecting capacity planning. Capacity planning is a dynamic process that…
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“Buying motives can be defined as influences or considerations which impel the prospects to buy, induce or determine the choice for the purchase of products and services.” –Garry Dessior. Thus, buying motives are influences that provide the impulse to buy. They are driving forces to act this way or that way. In the following article,…
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Capacity expansion strategies are essential for businesses to meet increasing demand, seize market opportunities, and achieve growth objectives. Several approaches can be adopted to expand capacity effectively. Before selecting a capacity expansion strategy, businesses should conduct thorough market research, financial analysis, and risk assessments to ensure the chosen approach aligns with their long-term goals and…
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The business must be directed toward the satisfaction of consumers. A consumer buys a particular product because certain motives influence him. What motivates the consumers to buy? Why do they believe what they do? Each consumer enters the selling and buying process with emotional needs and motives that cause them to buy your product or…
Capacity decisions are crucial, as they influence product lead time, customer responsiveness, operating costs, and the organization’s competitiveness. In the following article, you will know the types of capacity planning. It would perhaps not be an exaggeration to state that such decisions are of survival value for the organization because of the following: 1) A…
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Consumerism refers to the activities of voluntary organizations and others designed to protect the rights of consumers. It implies the organized efforts of consumers seeking redress, restitution and remedy for dissatisfaction caused by policies and practices of business. Evolution of Consumerism The marketers’ slogan that “customer is the king” remains very often as a vocal…
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Intermittent production systems are production strategies in which items are produced in batches or lots, with intermittent periods of production accompanied by intervals of no production or changeover. These systems are characterized by flexibility, as they can handle several products and accommodate modifications in production requirements. Various Types of Intermittent Production System Following are the…
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