Encyclopaedia Of Business And Accounting Volume-1

Land, labor, capital and human resource are said to be the factors of production.

The problem of efficient production, therefore, may be resolved through the optimum and efficient use of these factors of production.

Efficient management and control of labor will not only provide more cut put, but it will also result in cost reduction. "e;Business Organization and Control"e; delves deep into management, administration and role played by labor-whether manager, officer, or laborer-in organization and control of business, organization and control of factory, advertising and sales organization, credits and collections, billing and order and shipping dispatch activities.

The book considers all aspects including recording of all business activities.