1. Define any ten of the following terms

Recovery

Production

Output

Layout

Assets

Equities

Journal

Cost Centre

STP

SMART

Demand Elasticity

Value based pricing


Identify various points of milk losses in the 6 following dairy operations (any three)

Milk reception

Milk processing

Ghee manufacture

Cream separation

Give the fat and SNF composition of butler milk and skim milk.

3. Explain the term "Productivity" with an example.

Describe the important ways of measuring and monitoring productivity in dairy industry.

Give the need for equipment sizing.

Enlist import factors which influence dairy plant capacity.

What is importance of Working Capital Describe the factors required to contain the working capital of a firm.

What are the alternative approaches to manage working capital

Enlist the marketing tools and describe them.

Explain the process for setting the pricing policy.

Explain the correlation between costs and production cycle.

Explain "Marketing Information System and its application.

Enlist "Generally Accepted Principles" of Accounting.

Explain following ratios used in controlling the affairs of a business (any three)

ROI

Net Profit to sales

Sales to Capital employed,

Gross profit to sales Enlist key factors in managing a business.

Enlist key factors in managing a business.

8. Write short note on any two

PERT

Computer application in dairy industry.

Important skills of an entrepreneur.

Break-even analysis.