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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...
IGBizStudies
May 26, 20211 min read
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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...
IGBizStudies
May 25, 20211 min read
73
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How to decide on production methods?
Nature of product, size of market, demand needs, productive capacity
IGBizStudies
May 25, 20211 min read
73
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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...
IGBizStudies
May 25, 20211 min read
83
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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...
IGBizStudies
May 25, 20212 min read
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How technology influences production
Technology can change production methods, improve productivity, quality and efficiency.
IGBizStudies
May 24, 20211 min read
83
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What are lean production practices
Kaizen and Just-in-time
IGBizStudies
May 20, 20211 min read
114
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What are the different production methods?
There are four (4) production methods Flow production Batch production Job production Flow Production Flow production involves a...
IGBizStudies
May 12, 20211 min read
115
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UNIT 4 - OPERATIONS MANAGEMENT
How productivity, efficiency improves output, reducing cost with suitable production methods and quality management in a preferable location
IGBizStudies
Jan 18, 20211 min read
219
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What is break-even analysis?
How does breakeven analysis help firms make business decisions?
IGBizStudies
Jan 15, 20212 min read
206
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