Have you ever thought about Factors affecting launching of a Business Unit?

i) Business Unit, also referred to as a department, division, or functional area is a part of a company or an organization that represents a specific business function and is a part of firm’s value chain of activities like accounting, human resources, marketing, sales, purchasing and manufacturing.

ii) Establishment is a business location of a company that is engaged in a single activity. It’s a place where the business is conducted with the objective of getting paid for selling goods or services

Choosing the Best Location for Your Business | AllBusiness.com

iii) Plant Location refers to the choice of the region where men, materials, money, machinery and equipment are brought together for setting up a business or factory. A plant is a place where the cost of the product is kept to low in order to maximize gains.

iv) Plant Layout is a plan for effective utilization of facilities for the purpose of manufacturing of products, involving most efficient and economical arrangement of machines, materials, personnel, storage space and all supporting services, within available floor space.

v) Feasibility studies are the researches and studies that determine whether to go ahead with the business plan or any other idea and plan should be adopted.

Franchise Feasibility check

Categories: Business

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