1. Define production. What are the factors of production? Define production: Production means the creation of Utility. Through production inputs are converted into output which can satisfy or meet wants or demands. So production is a process of transforming inputs into useable outputs. Utilities are created in three forms such as (i) Changing the form (ii) changing time and (iii) changing place. Example: Wood in a forest generally has no utility to a consumer but cutting the wood‚ changing
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-VW VW Ao A1 O Z -VW V= VW+VT N Workpiece Chip VT Cutting tool X Y Ao b=f N VT Absolut velocity a VW = f (x‚ y‚ z) VT = f (x‚ y‚ z) Basic condition of cutting Forces in the material of workpiece and tool makes strain that makes elastic and plastic deformation. (σ1 ) W ≥ (R m ) W (σ1 )T ≤ (σm )T HVT ≈ ( 3 ÷ 5 ) ⋅ HVW Main parameters of cutting procedure V V Vc=Vy Chip Vc=Vy O Z VZ X Y N N VX VX Cutting tool Workpiece
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In general‚ games played at home provide a wholesome activity for the entire family. Many people find that the time spent playing games at home contributes to feelings of closeness among family members‚ thus giving them time to relax together and promote familial ties. Three types of games played at home that have remained popular over the years are card games‚ board games‚ and outdoor or backyard games. Firstly‚ there are card games which have remained popular in many homes. Bridge‚ canasta
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According to Sloman‚ (2004)‚ production is the transformation of inputs into outputs by firms in order to earn profit. Production can be divided into two types‚ that is short-run production and long-run production. Production in the short-run is the production period of time over which at least one factor is fixed as production in the long-run is the production period of time long enough for all factors to be varied. As mentioned by Sloman‚ (2004)‚ production in the short-run is subject to diminishing
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BYTE Products Case Study Shawn Kelly Bryant & Stratton College BUSS450JS1 - Strategic Management L. Seay September‚ 12th‚ 2012 1. The proposal at first glance was a great way to offset their issues and seemed to be a great way to continue to provide service and products to the market. After the recess was ended‚ I too‚ would’ve changed my votes because the decision to create and eliminate the community’s market would not be an ethical or moral win for the company or the community
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OMN401M - Operations Management Iv Duration: Year module NQF Level - 7 Credits - 24 Purpose: This module is intended to qualify the student/s as operations management practitioners and graduates at B Tech level. It empower the student with a more critical and intensive approach in solving the problems in the market place. It does provide the learner with skills to do research in order to enable them to do structured investigations before taking certain discussions. It is also intended to benchmark
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1. Program planning involves: identifying the most critical needs of clientele‚ projecting needs of clientele‚ knowing our ability to respond to clientele needs‚ planning and delivering programs to address needs‚ evaluating the outcome of our efforts‚ and reporting that outcome back to partners‚ stakeholders‚ and constituents. Program planning is the very essence of being an extension professional. Every extension professional‚ regardless of position‚ both responds to requests from the public and
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What is "Small" Business? In addition to how a business is organized legally‚ size is also a way to classifying businesses. A small business is generally defined as any independently owned business with fewer than 500 employees that is not dominant in its industry. The Small Business Administration (SBA) is responsible for issuing the specific criteria that render a business a small business. These criteria vary widely by industry. As recently as 2010‚ in an effort to make more businesses eligible
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Malabanan‚ Ziarla Mae C. June 1‚ 2014 When I was 12 years old‚ I saw the list of bar top-notches on television and I promised that I will never settle for mediocrity and be the next bar top-notcher. I grew up along with the legal cases that my family has been trying to win for years now. They were fighting for the lands that some people stole from my grandfather. Seeing my family suffer is what motivates me to become a lawyer. I am currently taking up Bachelor of Arts in Communication Research
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Harvesting Cacao is Hard Work We tend to think of chocolate making as an assembly-line process. Most people picture automated presses plopping out candies onto conveyor belts at speeds unmatched by humans. But before cacao reaches the machinery of a chocolate factory‚ it must first pass through the hands of a farmer. Making chocolate takes years of manual labor. Like most agricultural crops‚ cacao must be closely monitored by farmers. They regularly walk their fields and check for pests‚
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