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Manufacturing
Manufacturing is the use of tools, machines and labor to produce goods for sale or use. It may refer to various human activities ranging from handicraft to high tech, but is most commonly applied to industrial production where raw materials are transformed into finished goods.
8,256 Questions
What are the factors that affect the product mix in a jobbing industry?
Customer demand effects the product mix at companies. Companies try to balance their product offering between customer demand and products that generate profit margins.
margin vs markup As every coin has two sides, likewise, margin and markup are two accounting terms which refers to the two ways of looking at business profit. When the profit is addressed as the percentage of sales, it is called profit margin. Conversely, when profit is addressed as a percentage of cost, it is called as markup.
While markup is nothing but an amount by which the cost of the product is increased by the seller to cover the expenses and profit and arrive at its selling price. On the other hand, the margin is simply the percentage of selling price i.e. profit. It is the difference between the selling price and cost price of the product.
The terms margin and markup are very commonly juxtaposed by many accounting students, however, they are not one and the same thing.
Content: Markup Vs Margin
Comparison Chart
Definition
Key Differences
Conclusion
What is the symbol for a manufacturing date for a certain product?
it is same as that for the japanese yen
What is an equivalent to Shell Alvania grease?
Your local lawn mower repair shop or auto parts store should be able to recommend a suitable grease that would be equivalent.
Strengths and weaknesses of a corporation?
One of the strengths of a corporation is the ability to expand globally and increase labor force. One of the weaknesses is decline in capital and available resources can downsize labor force.
Advantages and disadvantages of a retail park?
Advantage: Not having to travel for shops.
Dis-Advantage: Gridlock when parking.
What is the importance of differentiation in business?
Put yourself in the place of the business' customer. The question here is "Why go to company A instead of company B? The only reason would be the items that differentiate the two (price, quality, location, atmosphere, response time, etc.).
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Is E operations boon or bane to the Indian manufacturing sector?
This suppose to Anna university Assignment question! Bad luck guys its a tough time to find out the answer!
I tried to answer:
E-Operation is boon to Indian Manufacturing sector E-Operation is concerned with the use of the Internet and e-business technologies in manufacturing industries. It covers all aspects of manufacturing - sales, marketing, customer service, new product development, procurement, supplier relationships, logistics, manufacturing, strategy development and so on. The Internet also affects products as well since it is possible to use Internet technologies to add new product functions and to provide new services. Indian Manufacturing companies are using the Internet successfully for many different purposes. The scope of applications is large. Certain applications such as supply chain management, procurement, trade exchanges, and of course on-line sales have attracted a lot of attention in the press. However, this should not blind people to the fact that the Internet and e-business technologies can be used to support all aspects of manufacturing enterprises' activities. The challenge is to find the right application at the right time. Application of the Internet is not a one-off project, but a journey that involves dealing with technologies, strategies, business processes, organization and people. Success will come to those firms adopting an integrated approach driven by business needs and opportunities. Top concerns for CEO's in today's Indian manufacturing business environment are: * the threat posed by competitors; * controlling costs; * finding new opportunities; and * improving responsiveness; * better customer focus and service. E-Operation is capable of delivering these benefits. Manufacturing business of all sizes in all sectors are using the Internet in many different ways - to work with partners and suppliers, for procurement, for internal activities such as knowledge sharing and new product development, and much more. Companies such as United Technologies, General Electric and many others are reporting benefits from the use of the Internet. These benefits include: * improved speed of response; * cost savings; * improved communications, information and knowledge sharing; * reductions in inventory; * improved efficiency and productivity; * harmonization and standardisation of procedures; * better transfer of best practices; * acquisition of new customers and increased sales; * Improved customer service. However the benefits are achieved not by technology (which is an enabler) but by addressing strategy, technology, organization, people and business processes as an integrated whole and making changes in all these dimensions. The Internet is just like other information technologies - change management, good implementation practices and clear business objectives are required in order to reap the full benefits.
Advantages of using ict in business?
there are many advantages in using ICT in businesses. here are a few:
- it is very easy to store data, and Save things can be saved in many places other than just your computer, for example; external hard drives.
- organisation is much more easier and better when using a PC.
- if done efficiently, your work can be very accurate, depending on the user iput.
- using ICT also means there is unlimited amount of space available to you
This is a form of planned economy which is called a command economy. Command economies are central to the ideology of socialism.
How much does 1 piece of paper cost?
The retail cost of one ream of paper (500) sheets at the current market price is around 4.50 $USD. That would yield a retail cost for ,009$ per sheet at June 2014 prices.
What is the address and phone number of Rival Manufacturing Company?
Any other phone number and address of a mfg co. would be their Rival.
If your motives and intent are pure, trust God and make your move.
How long does it take to make sugar from the sugar cane to the finished product?
If you watch this video on You Tube (see link in the related links below), you will see that the entire process to get refined sugar takes at the least 10 hours or more. It is boiled in one set of chemicals for 6 hours, and another set of chemicals for 2 hours, and those were the ones they mentioned.
There are a few processes that occurred in the video that they did not give times for the length that they were exposed to.
A stock to sales ratio determines the relationship between how much stock you have and how much you are selling. Ideally this ration should be as low as possible without being so low that your store appears empty.
Monarch Silver Company is a trade name recorded in the Trademark Division of the Patent Office by the National Silver Company in 1943 for use on silverplated flatware and cutlery.
Generally drafting uses simple math, addition, subtraction, mulitplication, division, for calculating various dimensions. Math is also used for converting dimensions.
