Tag - manufacturing

[Economic Survey Ch9] Industrial performance, E-biz, Invest India, Manufacturing Policy, OBICUS, ASI

Index: IIP vs WPI vs CPI Survey: OBICUS vs ASI Industrial Licensing Nitrocellulose Hydrocyanic acid Phosgene Methyl Isocyanate (MIC) Industries reserved: IEM Boosting Industrial sector National Manufacturing Policy (NMP) 2011: Objectives E-Biz Project Invest India Circular 1 of 2013 IPR initiatives The Madrid [...]

Government Policies

[Revision] GS2 Economy: MAKE in India, Government Policies-Interventions for Manufacturing, Factories, Labour, Skill Development

Prologue [Block 1] Policies New Industrial policy 1991 National MFG policy 2011 National IT policy 2012 New Telecom Policy 2012 [Block-2] Make in India (MII) Why Make in India? MII: FIVE-mechanism IPR protection (GS3) [Block-3] Labor Factory reforms Why need factory/labour reforms Factory [...]

agriculture reforms

[Economy Lecture] Agriculture Reforms from Eco Survey, Manufacturing Industry- Mudra Bank, AIM, SETU

Prologue L5/P2: Economic survey: Agriculture reforms L5/P3: Industrial Sector: Theory L5/P4: Factory-Labour reforms and Companies Act Prologue Continuation of the lecture series on budget-economic survey. Under Sectors of economy, GDP related topics were covered in last lecture. This next session held on 27th March [...]

Discuss social and environmental cost considerations in establishing steel manufacturing plant.

Ans. There are several types of costs that a firm may consider relevant under various circumstances. Such costs include future costs, accounting costs, opportunity costs, implicit costs, fixed costs, variable costs, semi variable costs, private costs, common cost, social costs and environmental cost etc., [...]

Explain fully the theory of cost as applied to a manufacturing firm. Or How the theory of cost is established ? Or Write short note on theory of the cost. Or Explain the theory of cost.

Ans. Determinants of a Cost Function - There are many factors which affect the cost. Cost function expresses the relationship between cost and its determinants, such as the size of plant, level of output, input prices, technology etc. It can be expressed in the [...]

How would you calculate the cost of a finished product? Define and explain factory cost, manufacturing cost and selling cost. Or How would you calculate the cost of a finished product ? Define and explain prime cost, factory cost and selling cost with an example.

Ans. Cost of Finis need Product- If office and administration overheads are added to factory cost, office cost is arrived at. This is also termed as administration cost, office cost, cost of production or cost of finished product. Factory Cost or Manufacturing Cost- If [...]