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reduce cost per unit

24 Oct | By Jarrod

Productivity, Productivity - Throughput

In management we all want to increase throughput, improve productivity, and drive the cost per unit down. In logistics and supply chain management a major emphasis is placed on increasing volume, or throughput, to reduce the cost per unit...

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components of a business plan

25 Oct | By Jarrod

Components of a Business Plan

There are 8 primary components of a business plan; Executive Summary, Business Overview, Management Team, Industry Analysis, Marketing Analysis, Operations Plan, Financial Plan, and a risks section...

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elasticity of demand

30 Oct | By Jarrod

Elasticity of Demand

Elasticity of Demand is a topic reviewed in good ole’ economics. In short, elasticity of demand refers to how sensitive or responsive consumers are to price...

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economies of scale

30 Oct | By Jarrod

Economies of Scale

Economies of scale is not only a really important concept to understand, but it is useful to be aware of and can be applied to numerous aspects of...

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