One of the basic business concepts is range of production. It means maximizing the capacity (range) of the assets in your operation. When the business operation goes beyond the maximum production range, costs associated with the marginal production generally exceed the revenue generated with the marginal increase. To maximize profit in any business, operate within your range of production.
Model of Excellence
Model of excellence is a concept is used in business to build the best performance operation along with greatest financial success. It uses a feedback loop to identify issues and corrections are implemented to correct negative items.