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Nature of operation

Operation

Production: Meaning, and Methods

Updated on April 14, 2022 · By Ahmad Nasrudin Tag: Nature of operation, Production

Production Meaning and Methods

What's it: Production is the process of creating goods and services using resources. It adds value if the output value exceeds the input used value. In broader terms, it is an organized process of adding value to goods and services. For

Tag: Nature of operation, Production

Operation

Specialization: Definition, Importance, How it Works, Pros, Cons

Updated on June 3, 2020 · By Ahmad Nasrudin Tag: Nature of operation, Specialization

What's it: Specialization means focusing on a specific aspect of something bigger. It can be related to a product, task, job, or skill. For example, when a company specializes in a particular product, it focuses on a few goods rather than

Tag: Nature of operation, Specialization

Operation

Division of Labor: Meaning, Importance, Advantages, Disadvantages

Updated on March 30, 2020 · By Ahmad Nasrudin Tag: Division of Labor, Nature of operation

What's it: Division of labor means dividing the work required to produce a product into different and interdependent tasks. The company breaks down a complex production system into several units. They then assign tasks and workers to each unit.

Tag: Division of Labor, Nature of operation

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