Types and Classification of InventoryInventory is the non-capitalized asset in business whose management helps in the flow of goods from manufacturers to the point of sale. Common inventories are of five types such as raw material, work-in progress, packaging items, finished products and supplies (Enqvist et al. 2014). On the basis of nature of business, inventories are classified into merchandise inventory and manufacturing inventory. The for…

Building Specifications and FeaturesSummary of a custom hotel – Glasgow which is situated in Howard. The building is a 12 story building with 250 rooms. The entire building unit is approximated to cover an area of 8500 square feet. It will be primarily meant for hotel purposes and also as a conference facility. Note; all the dimensions of the size of the building are a rough estimate with reference to information (Azar, 2012)
The buil…

Monopolistic Competition in Australian Wine IndustryThe features of Australian wine industry are similar to that of the monopolistic competition. Those are as follows:
Many producers and many consumers: The wine industry comprises of almost 2000 producers, but few major ones dominate the entire market. The consumer market is also very large and consists of domestic and international consumers.
Product differentiation: There are many variet…

Definition of Literacy and Australian CurriculumLiteracy is the capability of reading, writing, and viewing, designing and communicating in a way that permits an individual to communicate in an effective manner. The power of the literacy does not only concern the capability of reading and writing, but also indicates towards the ability of an individual to connect effectively while using such skills. Therefore they can distinguish and interpret t…

Causes of Connecting Rod FailureThe advancement in the development of technology and particularly equipment has raised a lot of concerns when it comes to the reliability, availability, and reduction of risks in equipment. This, therefore, means that the maintenance strategies of machines should be of greatest priority in any industry (Alarbe, 2010, p. 886).  The maintenance helps to cover up for the failures that come along with th…