In the cost structure of a product, the selling price is determined by the factors such as
* sales turn over
* lowest competitive price
* various elements of the cost

Work study consists of two techniques namely method study and work measurement.
The method study is a technique to simplify the job and develop more economical methods of doing it. Work study is concerned with improving present method and finding standard time.

The Work measurement is concerned with the elimination of ineffective time and establishment of time standards for a job.
Work study is mainly aimed at determining the most efficient method of performing a job. Basic tool in work study is stop watch.

Work study consists of two techniques namely method study and work measurement.
The method study is a technique to simplify the job and develop more economical methods of doing it.
The Work measurement is concerned with the elimination of ineffective time and establishment of time standards for a job.
Work study is mainly aimed at determining the most efficient method of performing a job. Basic tool in work study is stop watch.