when the loan is not repaid, but interest is paid annually.
Glossary
production planning
Subject:
- Business Studies
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.