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IGBizStudies
- May 26, 2021
- 1 min
What are factors that influence the location of your business?
There are many factors influencing the location of your business. Among them are; Scale of production Supplies and materials Access to...
650
IGBizStudies
- May 25, 2021
- 1 min
What is quality control, quality assurance and total quality management
They are practices that ensures the quality of product. Quality Control Quality control removes defective output at the end of the...
540
IGBizStudies
- May 25, 2021
- 1 min
How to decide on production methods?
Nature of product, size of market, demand needs, productive capacity
530
IGBizStudies
- May 25, 2021
- 1 min
What is productivity and efficiency and why it is important
Productivity is the measurement of the amount of output a unit of input could produce. They are measured using the following formulas...
680
IGBizStudies
- May 25, 2021
- 2 min
What is economies of scale and diseconomies of scale
Economies of scale happens when a business grow large enough to enable them to lower average cost, while diseconomies of scale happens...
870
IGBizStudies
- May 24, 2021
- 1 min
How technology influences production
Technology can change production methods, improve productivity, quality and efficiency.
390
IGBizStudies
- May 12, 2021
- 1 min
What are the different production methods?
There are four (4) production methods Flow production Batch production Job production Flow Production Flow production involves a...
760
IGBizStudies
- Jan 18, 2021
- 1 min
UNIT 4 - OPERATIONS MANAGEMENT
How productivity, efficiency improves output, reducing cost with suitable production methods and quality management in a preferable location
880
IGBizStudies
- Jan 15, 2021
- 2 min
What is break-even analysis?
How does breakeven analysis help firms make business decisions?
1260