STRONG MUSCLES GYM Kamal started a gym named as ‘Strong Muscles Gym’. He installed large number of machines and equipment’s of different types and appointed trained trainers to help the customers in the use of machines. Initially he kept a low fee per hour so that the boys and girls belonging to poor families may also avail the facilities of the gym. Very soon his gym became popular and he started operating in three shifts. For this, he appointed additional trainers. He also installed extra machines so that more customers could be enrolled. In two years, he started earning good profits. He took a nearby building on rent and started a ‘Recreation and Health Club’ for the senior citizens of the locality on very nominal charges. He also encouraged young boys and girls to participate in the cleanliness drive started by the Prime Minister. They agreed and started giving one hour daily for the cleanliness of the nearby areas, before the opening of the ‘Strong Muscles Gym’ and the ‘Recreation and Health Club’. (a) EXxplain the type of business expansion that took place under the entrepreneurship ofKamal. (b) Discuss any values that Kamal tried to propagate.
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
STRONG MUSCLES GYM
Kamal started a gym named as ‘Strong Muscles Gym’. He installed large number of
machines and equipment’s of different types and appointed trained trainers to help the
customers in the use of machines. Initially he kept a low fee per hour so that the boys and girls
belonging to poor families may also avail the facilities of the gym. Very soon his gym became
popular and he started operating in three shifts. For this, he appointed additional trainers. He
also installed extra machines so that more customers could be enrolled. In two years, he started
earning good profits. He took a nearby building on rent and started a ‘Recreation and Health
Club’ for the senior citizens of the locality on very nominal charges. He also encouraged young
boys and girls to participate in the cleanliness drive started by the Prime Minister. They agreed
and started giving one hour daily for the cleanliness of the nearby areas, before the opening of
the ‘Strong Muscles Gym’ and the ‘Recreation and Health Club’.
(a) EXxplain the type of business expansion that took place under the entrepreneurship ofKamal.
(b) Discuss any values that Kamal tried to propagate.
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