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involves the long-term decisions about the selection of the product, location and layout of the factory, and product specifications. Short-term decisions must be made about quality, work study, stocks and production costs and their co-ordination, in order to supply the best quality product to the consumer, at the right price and quantity, at the correct time and place.
the rules for government expenditure and taxation as set out in its annual budget. It is the...
strategies that allow a business to gain ownership and control over the other businesses in the...
all those industries based on raw materials that come from the Earth.