Question

Industrial managent que calculate the normal and standard time for manufacturing activity conducted over a 40 hour period

Answer 1

In the conventional theory of the firm, the principal objective of a business firm is profit maximisation. Under the assumptions of given tastes and technology, price and output of a given product under perfect competition are determined with the sole objective of maximising profits.

Answer 2

Answer:

TIME STUDY - Production and Operations Management ... Compute allowed time for the entire job by adding elemental standard times ... The amount of allowance will depend on nature of the job.