1) describe what is meant by elasticity of demand? Specify the factors that are affecting it.
2) prepare about the following term:
a) Methods of pricing
b) GNP, NDP and NNP.
3) Distinguish between job, batch and mass production.
4) describe the ABC analysis, with suitable ex.
5) describe the MRP system with its inputs, outputs and functions.
6) Describe the environmental conditions of a work place? describe it in detail.
7) describe the different types of layout, with suitable sketches.
8) describe the CRAFT for layout planning, with suitable ex.
9) Describe Management by Objectives? describe the importance of it towards the attaining the organizational goals.
10) describe the following term: