What is a Process or Functional layout? In a process layout similar machines and equipment of the same functional type are arranged in one department. The processes are
Machines and equipment are arranged in the way in which they would be used in the process of manufacture of the product or group of related products. The
There are various economic as well as non-economic factors that influence the size of a business unit. The relative importance of the factors varies with the products manufactured,
The following are some of the points of distinction between departmental undertaking and statutory corporation. The above are some of the differences between departmental undertaking and statutory corporation.
A well designed layout proves advantageous not only to those connected with the production process but also benefits the entire organization. It results in improved efficiency, reduction in
The layout should be designed in a manner that the twin objectives of improving efficiency and reduction of costs are achieved. It should minimize movement of man and
What is Small Scale Production? Small scale production refers to the production of a commodity with a small plant size firm. It requires less amount of capital and
Top 10 advantages of Industrial estates The following are some of the advantages due to industrial estates. 1. Economies of scale Units located in an industrial estate can
To promote industrial development, the Government of India has initiated several measures and provided various incentives. Setting up of industrial estates is one such measure. The government launched
Definition of Policy Policies are broad guidelines which direct the future course of the business. Definition of Tactics Tactics are micro-level actions which which contribute for the achievement