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Discuss the various management skills in relation to their requirement at the various management levels.
Production Days
Days designated for manufacturing or producing goods, factoring in work schedules, shifts, and operational capacity to meet demand.
Labour Cost
The total expense borne by employers to compensate the workforce, including wages, salaries, benefits, and taxes.
Accurate Scheduling
The process of planning and arranging tasks, activities, or resources in a precise manner to ensure efficiency and meet specific deadlines or goals.
Yield Management Matrix
A strategic tool used in sectors like hospitality and airlines, which helps in maximizing revenue through dynamic pricing strategies based on demand and availability.
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