6. Why redesign of layouts may be necessary? List the differences between product and process layout. [Listing of reasons why redesigning ofexisting layout is required-5] Listing of any five differences-5
Answer: Concepts of Working Capital
Gross working capital: Gross working capital refers to the amounts invested in various componentsof current assets. It basically refers to the current assets. This concept hasthe following practical relevance:
- Management of current assets is the crucial aspect of working capitalmanagement
- Gross