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Retail is the process of selling consumer goods or services to customers through multiple channels of distribution to earn a profit. Retailers satisfy demand identified through a supply chain.
The providing of expert knowledge to a third party for a fee. Consulting is most often used when a company needs an outside, expert opinion regarding a business decision.
These jobs are usually in a factory, plant or mill but can also be in a home, as long as products, not services, are created. For example, bakeries, candy stores, and custom tailors are considered manufacturing because they create products out of components.
Technology is the way we apply scientific knowledge for practical purposes. It includes machines (like computers) but also techniques and processes (like the way we produce computer chips).In fact, a hammer and the wheel are two examples of early human technology.
The process of translating an idea or invention into a good or service that creates value or for which customers will pay.In business, innovation often results when ideas are applied by the company in order to further satisfy the needs and expectations of the customers.
Engineering is a scientific field and job that involves taking our scientific understanding of the natural world and using it to invent, design, and build things to solve problems and achieve practical goals. This can include the development of roads, bridges, cars, planes, machines, tools, processes, and computers.
A business plan is a formal written document containing business goals, the methods on how these goals can be attained, and the time frame within which these goals need to be achieved.
Operations management is an area of management concerned with designing and controlling the process of production and redesigning business operations in the production of goods or services.
Management is the administration of an organization, whether it is a business, a not-for-profit organization, or government body.
Efficiency and Performance study
The state or quality of being efficient, or able to accomplish something with the least waste of time and effort; competency in performance. accomplishment of or ability to accomplish a job with a minimum expenditure of time and effort: The assembly line increased industry's efficiency.
Featured snippet from the web A process innovation is the implementation of a new or significantly improved production or delivery method. This includes significant changes in techniques, equipment and/or software.
Business process reengineering is the act of recreating a core business process with the goal of improving product output, quality, or reducing costs. Typically, it involves the analysis of company workflows, finding processes that are sub-par or inefficient, and figuring out ways to get rid of them or change them. Training Need Identification & Designing the Intervention
Turn Key Projects
One of the special modes of carrying out international business is a turnkey project. It is a contract under which a firm agrees to fully design, construct and equip a manufacturing/ business/ service facility and turn the project over to the purchaser when it is ready for operation for a remuneration
A growth strategy is a plan of action that allows you to achieve a higher level of market share than you currently have. Contrary to popular belief, a growth strategy is not necessarily focused on short-term earnings—growth strategies can be long-term