What is standardization?|Examples, Process, Advantages & Dis-advantages
In a rapidly advancing world, standardization plays a crucial role in promoting efficiency, ensuring quality, and enhancing interconnectivity across various sectors.
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Author: Sukanta Maiti
What is Organization? Definition, Concept, Process, Types
The concept of an organization refers to a structured and coordinated group of individuals or entities working together to achieve common goals or objectives. It involves the division of labour, delegation of responsibilities, and establishment of hierarchies to ensure effective functioning and efficient use of resources.
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Managerial accounting vs financial accounting
In this article, we’ll explore the managerial accounting vs. financial accounting. Both play crucial roles in the business world, but they serve different purposes. So, let
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What is Managerial Accounting? Functions, Tools, PDF included
Managerial accounting is the process of analyzing financial data and generating relevant information to support internal decision-making within an organization.
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What is Working capital? Definition, Formula, Types
Working capital is the difference between a company’s current assets and its current liabilities. In other words, it represents the amount of money a company has available to cover its short-term obligations and expense.
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What is Managerial economics? Definition, Scopes, Nature of managerial economics (PDF)
Managerial Economics can be defined as the branch of economics which deals with the application of various concepts, theories, and methodologies of economics to solve practical problems in business management.
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What is Pricing? Types of Pricing Strategies, PDF
Pricing is a process of setting the value that a manufacturer will receive in the exchange of services and goods. If manufacturers set prices too high, they miss out on valuable sales. Set them too low, and they miss out on valuable revenue.
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Product Packaging: Requirements, Functions, Types, Packaging Methods.
Product Packaging is the art and science of preparing goods or product for transport and sale. Packaging is the means of ensuring safe delivery of the product to the ultimate customer in sound condition at a minimum overall cost.
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What is Sales Promotion? [PDF Inside] Definition, Objectives, Strategies, Techniques, Advantages, and Disadvantages
Sales Promotion is a marketing activity that boosts sales, creates brand awareness, and increases customer loyalty. It involves offering discounts on some products or providing incentives for customers to engage with your brand.
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Supply and demand form the most fundamental concepts of economics. Whether you are an academic, farmer, pharmaceutical manufacturer, or simply
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