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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.
buying all the requirements of the business, taking into account quantity, quality, price and...
stands for Broad-Based Black Economic Empowerment legislation aimed at increasing the effective...
strategies that are applied when the firm is not making its normal profits and is in financial...