BKT Tyres Interview Questions and Answers

Production refers to the process of creating goods and services using various resources and techniques.

• Production involves converting raw materials into finished products

• It includes planning, organizing, and controlling the manufacturing process

• Efficient production leads to increased productivity and profitability

• Examples include manufacturing cars, producing food items, and creating software

• Production can be done manu

Factors of production refer to the resources used in the production process.

• There are four main factors of production: land, labor, capital, and entrepreneurship.

• Land refers to natural resources like water, minerals, and forests.

• Labor refers to the human effort put into production.

• Capital refers to the tools, machinery, and buildings used in production.

• Entrepreneurship refers to the ability to organize and manage the o...read more

OE is Overall Equipment, OEE is Overall Equipment Effectiveness. OEE is a more comprehensive metric.

• OE measures the availability of equipment, while OEE measures availability, performance, and quality.

• OE only considers downtime, while OEE also considers speed loss and quality defects.

• OEE is a more comprehensive metric that provides a more accurate picture of equipment effectiveness.

• OEE is calculated as Availability x P...read more