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