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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.
strategies that are applied when the firm is not making its normal profits and is in financial...
a measurement of the output of labour in production, the relationship between the cost of...
consists of the money and capital markets which are all financial institutions.
to establish what the product will probably cost in order to remain competitive.
costs of the business that occur regardless of whether or not goods are being produced, for...