Gold Land Pvt. Ltd. is a wheat producing company. Daily 5000 bags of wheat weighing 10 kg each are produced here. In comparison to the previous year this ere has been less number of bags produced on a per day basis. The number is around 4500 which is less than the target of 5000 set by the company. The company however has been able to reduce the costs involved in comparison to last year's spending on the production and packaging of each bag. The quality of bags has also been up to the mark. Identify the concept of management ignored here.

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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Gold Land Pvt. Ltd. is a wheat producing company. Daily 5000 bags of wheat weighing
10 kg each are produced here. In comparison to the previous year this ere has been less
number of bags produced on a per day basis. The number is around 4500 which is less
than the target of 5000 set by the company. The company however has been able to
reduce the costs involved in comparison to last year's spending on the production and
packaging of each bag. The quality of bags has also been up to the mark.
Identify the concept of management ignored here.
Transcribed Image Text:Gold Land Pvt. Ltd. is a wheat producing company. Daily 5000 bags of wheat weighing 10 kg each are produced here. In comparison to the previous year this ere has been less number of bags produced on a per day basis. The number is around 4500 which is less than the target of 5000 set by the company. The company however has been able to reduce the costs involved in comparison to last year's spending on the production and packaging of each bag. The quality of bags has also been up to the mark. Identify the concept of management ignored here.
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