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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Author: Sukanta Maiti
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.
Read MoreSupply and demand
Supply and demand form the most fundamental concepts of economics. Whether you are an academic, farmer, pharmaceutical manufacturer, or simply
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Material Requirement Planning (MRP): [PDF]- Process, Inputs, Objectives, Advantages, & Disadvantages
Material Requirements Planning (MRP) is a basic digitally operated supply planning technique to help manage inventory. An MRP system enhances production process efficiency through proper estimation of needed materials and just-in-time delivery.
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What is Planned Maintenance?
Planned maintenance is a proactive approach to maintenance in which maintenance work is scheduled regularly. The fundamental goal of planned maintenance is to maximize equipment performance by keeping it working as long as possible while remaining safe.
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What is Reliability Centered Maintenance (RCM)? Principles, Advantages and Drawbacks.
Reliability-centred maintenance (RCM) is the best possible maintenance strategy for optimizing a company’s or facility’s maintenance process. The execution of the specific maintenance plan on each of the facility’s assets is the end result of an RCM process.
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