Types of Purchasing Policy adopted by Industrial Enterprises Purchasing policy means purchasing sufficient quantity of materials for all the anticipated needs but neither overstocking nor carrying stocks at
Personal factors influencing individual behavior The various personal factors influencing individual behavior have been classified as shown in the following chart. Each of the factors is explained below.
Factors Influencing Elasticity of Demand There are many factors on which the elasticity of demand depends. These factors influence the elasticity of demand of a commodity either individually
What is Gross Profit? Gross profit, in ordinary language is the surplus of total expenditure of the firm. If you refer gross profit anywhere, you actually mean the
Factors Influencing Inventory Control There are a number of factors which can influence the inventory decisions. These can be broadly divided into the following categories: 1. Characteristics of
Concepts of Organizational Behaviour Some of the important concepts having relevance to Organizational Behaviour are discussed below. 1. Individual Differences in Organization People differ not only in their
What is Supervisory Management? Supervisory management, also known as lower management level is above the operatives and below the middle management in an organization. This level can be
Roles and Responsibilities of Team Members Teams are usually selected or authorized by the Quality Council. A team normally consists of Team leader, Facilitator, Recorder, Timekeeper and Members.
Strategies to Prevent Accidents at Workplace From the analysis of the causes of accidents at workplace, it is not difficult to visualize the various strategies which may be
Factory building should be designed only after a complete production plan, plant layout and equipment sequences are determined so that the building exactly fits the production needs of