Tag: materials management
Define Advertising as a major marketing tool companies use.
Define the meaning of Inventory.
Meaning of Inventory: The term “inventory” often refers to the supplies on hand. Another name for it is an enterprise’s idle resource. Items retained in inventory are either those that are available for purchase, are being produced, or are raw resources that have not yet been put to use.
Enumerate Information, Persuasive, Reminder Advertising
Distinguish between Selling and Marketing.
What are the objectives of Marketing Management?
Write something on Costs Associated with Inventory.
Write something on Costs Associated with Inventory.
Costs Associated with Inventory: 1. Purchase (or production) cost: The cost of producing one unit of a thing is its value. As soon as the price discounts are used, this cost increases significantly. The price is given as Rs. per unit. 2. Capital cost: Capital invested in an item (capital cost) is money that can’t…
List the elements of costs as they appear in a Cost Sheet and represent the same using a block diagram.
Ans: We initially categorize costs by the three cost components: Costs for Products and Periods: We categorize costs as either The Classification of Product Costs: Direct costs: Also known as variable costs, direct costs are often thought of as being directly related to manufacturing. In turn, the direct expenses might comprise: We can see that…
Briefly state the objectives of financial analysis from a company’s point of view.
Ans: Objectives of Financial Analysis 1) Pricing Decision: Fixing selling prices is one of the most critical functions of management. Although processes are generally determined by market conditions and other economic factors yet marginal costing technique assists the control in the fixation of selling prices under various circumstances as: 2) Profit Planning and Maintaining the…