Are you planning to set up a small scale industry. You are in the right place. Here are some steps you need to follow to set up a small scale industry:- 1. Selection of Product 2. Location of Enterprise 3. Deciding Organisation Pattern 4. Preparation of Project/Feasibility Report 5. Registration with Authorities 6. Statutory Licences/Clearances 7. Arranging Finance 8. Obtaining [...]
Before starting to draw the network, following measures should be taken serially: 1. Prepare a list of the activities included in the project and their dependence on other activities. 2. Draft the network roughly, usually by soft pencil and an eraser on a large piece of paper. 3. The estimate of time required for each activity is made considering manpower [...]
There are following two methods to obtain break-even point: 1. Mathematical Method 2. Graphical Method. 1. Mathematical Method: Let cost be the common variable in two situations 1 and 2, then cost equations will be; C1 = f1(x)... a function of (x) ...(1) C2 = f2(x)... another function of (x) ...(2) C1 – may be as total cost, annual cost, [...]