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The Management Function
Coordination and Control
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achieved activity Added Value applied assessment assets basic basis batch production budget capital employed capital intensity Census co-ordination company's cost centre costs per unit current liabilities decisions economic effective efficiency ensure equipment essential examination example factors factors of production Figure Financial Ratios firm fixed costs fixed expenses forecast function Gross Domestic Product important improve incentive schemes income increase industry investment involved Job production labour cost labour productivity machine manufacturing marginal cost ment Method Study necessary objective operation organization payment performance personnel piecework planning and control plant possible problems procedure production control production policy productivity bargain profit programme purchasing quality control raw materials records relation responsibility result return on capital situation SPIRIT DUPLICATOR staff standard stocks techniques tion unit of output unit wage costs Value per employee variable wages and salaries workers