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production is all efforts in the combination of human and non-human resources to produce material and immaterial output.it involves the combination of various inputs to satisfy human and industial wants through output yield.Sales on the otherhand,is the totals of exchange of input and output for valuables.it involves exchanging a commodity for money or other valuables
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What are five factors of production?
Many factor tie into production but five factors of production are: product, capabilities, volume, safety, and sales.
Why is the Sales budget the first budget to be prepared?
Budgets promote efficiency and serve as a deterrent to waste? A sales budget should be prepared before the production budget?
How each of the functions departments are dependent on each other work together?
· Sales and Production: Sales must know production schedules and agree delivery dates of orders with Production so customers are not promised dates which cannot be met.Production must tell Sales about production problems which will affect customers.· Sales and Finance: Finance must know about customer enquiries to check their credit rating before sales are made. Finance will be involved when discounts are agreed or when there are problems with customer payments.· Distribution and Finance: Finance must know when goods have been dispatched so that invoices can be sent out.· Finance and all other departments: Finance monitors departmental spending and the achievement of financial targets.· Human Resources and Finance: Will liaise over salary increases and bonuses.Customer Service, sales and marketing: Customer Service must pass on customer feedback that could affect future product developments or future sales.· Distribution and Sales: Sales must be able to inform customers when deliveries are due and be aware of any problems.· Sales and Marketing: Must liaise over sales promotions and adverts so that sales staff can expect/handle enquiries.
In order to estimate production requirements you do what?
add projected sales in units to desired ending inventory and subtract beginning inventory
Difference between line and staff function?
The primary difference between line function and staff function is accountability. Line functions are typically used for sales and production, while staff functions are used in production planning and marketing.
How does Sales and Production work together?
to make a profit for a business. as production makes the product and sales ( the answer is in the name) · Production first makes the product · Production then gives the product over to distribution · Distribution then sends the product over to sales · Sales then proceed to sell the product
How sales promotion is done?
you can your sales by following the fourp's of production
What percentage of fur production and sales does mink account for?
Mink has generally accounted for 50 to 60 percent of all fur production and sales.
Why did the Honda NSX go out of production?
Low sales.
Which of the factors contributed to the transition from the production era to the sales era?
More sophisticated production techniques
What are five factors of production?
Many factor tie into production but five factors of production are: product, capabilities, volume, safety, and sales.
What is the rice industry?
consists of establishments primarily engaged in the production of rice, or whose sales of rice account for 50 percent or more of the total value of sales for their agricultural production.
What is a flexible budget?
Definition A set of revenue and expense projections at various production or sales volumes. The cost allowances for each expense are able to vary as sales or production vary.
6 What are the advantage and disadvantage of level production schedules in firms with cyclical sales?
The advantage of the level production schedule in firms with cyclical sales is resources and labor are spread evenly. The disadvantage of the level production schedule is that it is a costly exercise.
What is a major distinction between the production era and the sales era in the history or marketing?
The production era was a time of mass production of products for sale. The sales era was the buying of products. The difference between the two was the economics of each era.
Marketing starts before production and continues even after sales comment?
It is important for marketing to start before production and continue even after sales. Marking before production is useful as it gets the product and brand into the minds of the public. After production, marketing helps to keep people interested.
If the sales budget shows a sharp increases in a particular months than in order to meet sales forecast the production budget must call increased production in the month?
Same Month
