Explain the production process , using an example related table
Breakeven Analysis
Break Even Analysis is a term used in business, cost accounting and economics. It refers to a point where the total cost incurred becomes equal to the total revenue earned. Break Even Analysis determines the number of units to be sold to earn the revenue required to cover the total costs. Total cost is a sum total of fixed and variable costs.
Process analysis
The term process analysis can be defined as breakdown of production process into different phases that converts inputs into output. A series of routine activities are incorporated using organizational resources with a view to achieve operational excellence.
Explain the production process , using an example related table
Modern processes are strategies involving chemical, physical, electrical, or mechanical steps to help with the assembling of a thing or things, ordinarily completed on an exceptionally enormous scope. Modern processes are the critical parts of a weighty industry.
At the point when an organization makes items and merchandise to offer to customers, they commonly utilize a severe production process. This includes following different advances, which start at the info phase of item creation to the yield stage as they offer to clients. The right production process for every association regularly relies upon factors like the innovation accessible, the number of items the organization needs to deliver, and hierarchical design. In this article, we survey what a production process is, the components of settling on the right one, and the sorts of production processes accessible.
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